Lithium Americas (Argentina) (NYSE:LAR) Sets New 52-Week High - What's Next?

Shares of Lithium Americas (Argentina) Corp. (NYSE:LAR - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $5.67 and last traded at $5.60, with a volume of 1001871 shares. The stock had previously closed at $5.48.Analyst Ratings ChangesA number of research analysts recently issued reports on the company. National Bank Financial raised Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. Scotiabank boosted their target price on shares of Lithium Americas (Argentina) from $3.50 to $4.25 and gave the stock a "sector perform" rating in a research note on Wednesday, November 12th. Zacks Research upgraded shares of Lithium Americas (Argentina) from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Cormark raised shares of Lithium Americas (Argentina) to a "moderate buy" rating in a report on Wednesday, August 20th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, October 8th. One research 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 company's stock. According to data from MarketBeat.com, Lithium Americas (Argentina) presently has a consensus rating of "Hold" and an average target price of $4.25.View Our Latest Stock Report on LARLithium Americas (Argentina) Stock PerformanceThe company has a market cap of $902.39 million and a price-to-earnings ratio of -11.12. The firm's 50-day moving average price is $4.30 and its 200 day moving average price is $3.17. Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). As a group, equities research analysts predict that Lithium Americas will post -0.05 EPS for the current fiscal year. Hedge Funds Weigh In On Lithium Americas (Argentina)A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) during the 2nd quarter worth about $28,000. Sandhill Capital Partners LLC acquired a new position in Lithium Americas (Argentina) during the first quarter valued at approximately $29,000. Insigneo Advisory Services LLC bought a new stake in Lithium Americas (Argentina) in the third quarter valued at approximately $34,000. JPMorgan Chase & Co. bought a new stake in Lithium Americas (Argentina) in the second quarter valued at approximately $37,000. Finally, Sage Investment Counsel LLC acquired a new stake in Lithium Americas (Argentina) in the third quarter worth $38,000. Institutional investors own 49.17% of the company's stock. Lithium Americas (Argentina) Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Lithium Americas (Argentina)Trading Halts Explained2 Reasons to Load Up on Fiserv, 1 to Stay AwayHow to Read Stock Charts for Beginners3 Stocks to Buy for the Evolution of AI InfrastructureWhat Are Dividend Achievers? An IntroductionHow Semtech’s Data Center Chips Are Powering the AI BoomThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here