Lithium Americas (Argentina) Corp. (NYSE:LAAC) Receives $7.42 Average Target Price from Analysts

Market Beat
2025.04.10 05:03
portai
I'm PortAI, I can summarize articles.

Lithium Americas (Argentina) Corp. (NYSE:LAAC) has received an average target price of $7.42 and a consensus recommendation of "Moderate Buy" from six analysts. The stock is currently rated with two holds, three buys, and one strong buy. Institutional investors have increased their stakes, with notable increases from Old West Investment Management and Barclays PLC. The stock is down 2.1%, trading at $1.87, with a market cap of $302.81 million and a P/E ratio of 0.24.

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.42.

  • 3 lithium stocks at rock bottom prices for EV believers

Separately, Cormark raised shares of Lithium Americas (Argentina) to a "moderate buy" rating in a report on Monday, January 20th.

Get Our Latest Stock Analysis on LAAC

Institutional Investors Weigh In On Lithium Americas (Argentina)

Institutional investors and hedge funds have recently made changes to their positions in the company. Old West Investment Management LLC increased its stake in Lithium Americas (Argentina) by 193.6% during the third quarter. Old West Investment Management LLC now owns 98,032 shares of the company's stock valued at $320,000 after purchasing an additional 64,646 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter valued at about $54,000. Public Employees Retirement System of Ohio acquired a new stake in Lithium Americas (Argentina) during the third quarter worth about $120,000. Barclays PLC lifted its holdings in Lithium Americas (Argentina) by 30.1% in the third quarter. Barclays PLC now owns 92,438 shares of the company's stock worth $301,000 after acquiring an additional 21,388 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lithium Americas (Argentina) by 37.1% in the 3rd quarter. Geode Capital Management LLC now owns 65,252 shares of the company's stock worth $214,000 after purchasing an additional 17,649 shares during the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Stock Down 2.1 %

Shares of LAAC opened at $1.87 on Friday. The firm has a market cap of $302.81 million, a price-to-earnings ratio of 0.24 and a beta of 1.35. The business's 50 day moving average is $2.34 and its two-hundred day moving average is $2.87. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $5.68.

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.

Recommended Stories

  • Five stocks we like better than Lithium Americas (Argentina)
  • Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
  • Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential
  • 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
  • Qualcomm Breaks Down But RSI Signals It’s Severely Oversold
  • Investing In Preferred Stock vs. Common Stock
  • Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Lithium Americas (Argentina) Right Now?

Before you consider Lithium Americas (Argentina), you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas (Argentina) wasn't on the list.

While Lithium Americas (Argentina) currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source: Market Beat The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.