Lithium Americas (Argentina) (NYSE:LAAC) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Lithium Americas (Argentina) (NYSE:LAAC) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports. Cormark also issued estimates for Lithium Americas (Argentina)’s FY2026 earnings at $0.19 EPS.

Lithium Americas (Argentina) Stock Performance

LAAC opened at $3.00 on Monday. Lithium Americas has a one year low of $2.07 and a one year high of $5.79. The company has a market cap of $484.98 million, a P/E ratio of 0.38 and a beta of 1.35. The business’s 50-day simple moving average is $3.03 and its 200-day simple moving average is $3.00.

Institutional Trading of Lithium Americas (Argentina)

Hedge funds and other institutional investors have recently made changes to their positions in the company. General Motors Holdings LLC acquired a new position in Lithium Americas (Argentina) in the 3rd quarter valued at about $48,907,000. Van ECK Associates Corp grew its stake in shares of Lithium Americas (Argentina) by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,365 shares of the company’s stock valued at $10,615,000 after purchasing an additional 426,419 shares during the last quarter. Decade Renewable Partners LP increased its holdings in shares of Lithium Americas (Argentina) by 102.7% in the second quarter. Decade Renewable Partners LP now owns 547,625 shares of the company’s stock valued at $1,752,000 after purchasing an additional 277,500 shares during the period. Intact Investment Management Inc. raised its stake in shares of Lithium Americas (Argentina) by 47.3% during the third quarter. Intact Investment Management Inc. now owns 510,200 shares of the company’s stock worth $1,671,000 after purchasing an additional 163,800 shares during the last quarter. Finally, M&G PLC grew its position in Lithium Americas (Argentina) by 11.2% in the 3rd quarter. M&G PLC now owns 1,530,176 shares of the company’s stock valued at $4,591,000 after buying an additional 154,067 shares during the last quarter. Institutional investors and hedge funds own 49.17% of the company’s stock.

About Lithium Americas (Argentina)

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.