Lithium Americas Corp. (NYSE:LAC) Receives Average Rating of “Hold” from Analysts

Shares of Lithium Americas Corp. (NYSE:LAC) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.63.

A number of research firms have weighed in on LAC. B. Riley upped their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Piper Sandler began coverage on shares of Lithium Americas in a research report on Monday, July 29th. They issued a “neutral” rating and a $3.90 price target for the company. Scotiabank dropped their price target on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 18th. Finally, National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th.

Lithium Americas Trading Down 3.9 %

Shares of NYSE LAC opened at $3.72 on Wednesday. The firm has a market capitalization of $820.93 million and a price-to-earnings ratio of -31.00. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $7.71. The firm has a 50 day moving average of $3.13 and a 200 day moving average of $3.07.

Institutional Investors Weigh In On Lithium Americas

Hedge funds have recently bought and sold shares of the business. Fairscale Capital LLC purchased a new stake in Lithium Americas during the second quarter valued at $27,000. AE Wealth Management LLC purchased a new stake in Lithium Americas during the second quarter valued at $27,000. Evergreen Capital Management LLC purchased a new stake in Lithium Americas during the second quarter valued at $27,000. Quent Capital LLC raised its stake in Lithium Americas by 100.0% during the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Lithium Americas during the second quarter valued at $30,000.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.