TD Asset Management Inc Acquires 4,173 Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC)

TD Asset Management Inc increased its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 3.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,775 shares of the company’s stock after purchasing an additional 4,173 shares during the quarter. TD Asset Management Inc owned 0.08% of Lithium Americas (Argentina) worth $391,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of LAAC. Truist Financial Corp bought a new stake in Lithium Americas (Argentina) during the 4th quarter worth approximately $239,000. Russell Investments Group Ltd. bought a new stake in Lithium Americas (Argentina) during the 4th quarter worth approximately $1,181,000. Swiss National Bank acquired a new position in Lithium Americas (Argentina) during the 4th quarter worth approximately $1,301,000. Private Advisor Group LLC acquired a new position in Lithium Americas (Argentina) during the 4th quarter worth approximately $152,000. Finally, Boston Partners acquired a new position in Lithium Americas (Argentina) during the 4th quarter worth approximately $387,000. 49.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LAAC shares. National Bankshares set a $6.00 price target on Lithium Americas (Argentina) and gave the stock a “sector perform” rating in a research report on Thursday, June 6th. HSBC raised Lithium Americas (Argentina) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Scotiabank reduced their price target on Lithium Americas (Argentina) from $8.00 to $4.25 and set a “sector outperform” rating for the company in a research report on Thursday, August 15th. National Bank Financial raised Lithium Americas (Argentina) to a “hold” rating in a research report on Wednesday, June 5th. Finally, Hsbc Global Res raised Lithium Americas (Argentina) to a “strong-buy” rating in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.21.

Lithium Americas (Argentina) Trading Down 1.9 %

NYSE LAAC opened at $2.54 on Monday. The company has a market cap of $410.77 million, a PE ratio of 0.32 and a beta of 1.32. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $8.79. The stock has a 50 day moving average of $2.73 and a 200-day moving average of $4.00.

Lithium Americas (Argentina) (NYSE:LAAC) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02).

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.