Intact Investment Management Inc. Lowers Position in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Intact Investment Management Inc. decreased its position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 480,900 shares of the company’s stock after selling 29,300 shares during the period. Intact Investment Management Inc.’s holdings in Lithium Americas (Argentina) were worth $1,264,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Old West Investment Management LLC boosted its position in shares of Lithium Americas (Argentina) by 193.6% during the third quarter. Old West Investment Management LLC now owns 98,032 shares of the company’s stock valued at $320,000 after purchasing an additional 64,646 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Lithium Americas (Argentina) by 25.8% during the third quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company’s stock valued at $93,000 after buying an additional 5,870 shares during the period. XTX Topco Ltd bought a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter valued at $54,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Lithium Americas (Argentina) in the 3rd quarter worth about $120,000. Finally, Barclays PLC increased its stake in shares of Lithium Americas (Argentina) by 30.1% in the 3rd quarter. Barclays PLC now owns 92,438 shares of the company’s stock worth $301,000 after acquiring an additional 21,388 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

Analysts Set New Price Targets

Separately, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Monday, January 20th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lithium Americas (Argentina) currently has an average rating of “Moderate Buy” and an average price target of $7.19.

Lithium Americas (Argentina) Trading Down 0.5 %

LAAC stock opened at $2.18 on Friday. The stock’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $2.90. Lithium Americas has a 12-month low of $2.07 and a 12-month high of $5.79. The stock has a market capitalization of $353.01 million, a PE ratio of 0.28 and a beta of 1.35.

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.