Lithium Americas (Argentina) (NYSE:LAAC) Upgraded to “Moderate Buy” at Cormark

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

Lithium Americas (Argentina) Stock Up 0.2 %

Shares of Lithium Americas (Argentina) stock opened at $3.00 on Monday. The business’s fifty day simple moving average is $3.03 and its 200-day simple moving average is $3.00. The firm has a market cap of $484.98 million, a PE ratio of 0.38 and a beta of 1.35. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $5.79.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Lithium Americas (Argentina) in the second quarter valued at approximately $67,000. Mercer Global Advisors Inc. ADV increased its position in shares of Lithium Americas (Argentina) by 8.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 67,635 shares of the company’s stock worth $216,000 after acquiring an additional 5,503 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Lithium Americas (Argentina) during the 2nd quarter worth $36,000. Cubist Systematic Strategies LLC acquired a new position in Lithium Americas (Argentina) during the 2nd quarter worth $102,000. Finally, Decade Renewable Partners LP grew its stake in Lithium Americas (Argentina) by 102.7% during the 2nd quarter. Decade Renewable Partners LP now owns 547,625 shares of the company’s stock worth $1,752,000 after purchasing an additional 277,500 shares in the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Company Profile

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.