Lithium Americas (Argentina) (NYSE:LAAC) Given a $6.00 Price Target at National Bankshares

National Bankshares set a $6.00 price target on Lithium Americas (Argentina) (NYSE:LAACFree Report) in a research note published on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts have also recently issued reports on the company. BMO Capital Markets cut their price target on Lithium Americas (Argentina) from $7.00 to $6.50 and set a market perform rating for the company in a report on Friday, March 22nd. Scotiabank raised Lithium Americas (Argentina) from a sector perform rating to a sector outperform rating and set a $8.00 price target for the company in a report on Friday, March 22nd. Finally, Stifel Nicolaus cut their price target on Lithium Americas (Argentina) from $18.50 to $12.00 and set a buy rating for the company in a report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $8.83.

Read Our Latest Report on Lithium Americas (Argentina)

Lithium Americas (Argentina) Stock Performance

Shares of NYSE LAAC opened at $4.17 on Thursday. The stock has a market cap of $672.25 million, a PE ratio of 0.52 and a beta of 1.37. The business has a fifty day moving average of $5.03 and a two-hundred day moving average of $5.13. Lithium Americas has a 52-week low of $3.84 and a 52-week high of $8.79.

Lithium Americas (Argentina) (NYSE:LAACGet Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). During the same quarter in the prior year, the company earned ($0.04) earnings per share. Analysts predict that Lithium Americas will post 0.22 earnings per share for the current year.

Institutional Trading of Lithium Americas (Argentina)

Several institutional investors and hedge funds have recently added to or reduced their stakes in LAAC. Mather Group LLC. bought a new stake in Lithium Americas (Argentina) during the 1st quarter worth about $27,000. Allworth Financial LP bought a new stake in Lithium Americas (Argentina) during the 4th quarter worth about $32,000. Quent Capital LLC bought a new stake in Lithium Americas (Argentina) during the 4th quarter worth about $34,000. Fifth Third Bancorp bought a new stake in Lithium Americas (Argentina) during the 4th quarter worth about $53,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) during the 4th quarter worth about $53,000. 49.17% of the stock is owned by institutional investors.

About Lithium Americas (Argentina)

(Get Free Report)

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.

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Analyst Recommendations for Lithium Americas (Argentina) (NYSE:LAAC)

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