Lithium Americas Corp. (NYSE:LAC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lithium Americas Corp. (NYSE:LAC) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.18.

Several equities research analysts recently weighed in on LAC shares. HSBC reduced their target price on Lithium Americas from $6.50 to $5.10 and set a “hold” rating for the company in a report on Friday, April 19th. Scotiabank cut Lithium Americas from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $15.00 to $7.00 in a research report on Monday, March 18th. Evercore ISI lowered their price objective on Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 18th.

Lithium Americas Stock Down 1.2 %

NYSE:LAC opened at $4.36 on Friday. Lithium Americas has a fifty-two week low of $3.81 and a fifty-two week high of $12.38. The stock’s 50-day moving average is $5.79 and its two-hundred day moving average is $5.97.

Lithium Americas (NYSE:LAC) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). As a group, research analysts expect that Lithium Americas will post -0.12 EPS for the current year.

Institutional Trading of Lithium Americas

Large investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise bought a new stake in shares of Lithium Americas during the first quarter worth $25,000. Mather Group LLC. bought a new stake in shares of Lithium Americas during the first quarter worth $26,000. Allworth Financial LP bought a new stake in shares of Lithium Americas during the fourth quarter worth $37,000. CWM LLC grew its holdings in shares of Lithium Americas by 140.6% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $40,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Operose Advisors LLC bought a new stake in shares of Lithium Americas during the third quarter worth $44,000.

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.