Stratos Wealth Advisors LLC Takes Position in Lithium Americas (Argentina) Corp. $LAR

Stratos Wealth Advisors LLC bought a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAR) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 13,638 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LAR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at $9,308,000. Hancock Prospecting Pty Ltd acquired a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at $5,368,000. CenterBook Partners LP acquired a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at $4,613,000. Woodline Partners LP acquired a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at $3,456,000. Finally, Invesco Ltd. acquired a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at $3,307,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Stock Performance

Shares of LAR opened at $4.20 on Tuesday. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $5.47. The stock’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $2.71.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, October 8th. Scotiabank reiterated a “sector perform” rating and issued a $3.50 price target (up previously from $3.00) on shares of Lithium Americas (Argentina) in a report on Wednesday, August 13th. National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a report on Monday, August 11th. BMO Capital Markets raised their price target on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Finally, National Bankshares upgraded Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $2.90 to $4.50 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.00.

About Lithium Americas (Argentina)

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.