Lithium Americas Corp. (NYSE:LAC) Receives $5.56 Consensus Price Target from Brokerages

Shares of Lithium Americas Corp. (NYSE:LAC) have received an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.56.

LAC has been the subject of several recent analyst reports. Scotiabank cut their price objective 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. Wedbush began coverage on shares of Lithium Americas in a report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price target for the company. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. B. Riley upped their target price on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th.

Lithium Americas Stock Performance

LAC opened at $3.17 on Thursday. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $7.71. The firm has a market cap of $699.57 million and a P/E ratio of -26.42. The business’s fifty day moving average is $3.64 and its 200-day moving average is $2.99.

Institutional Trading of Lithium Americas

Hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC bought a new position in Lithium Americas in the 2nd quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new position in shares of Lithium Americas during the second quarter worth $27,000. Evergreen Capital Management LLC acquired a new position in shares of Lithium Americas during the second quarter worth $27,000. Quent Capital LLC grew its stake in shares of Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lithium Americas in the second quarter valued at $30,000.

Lithium Americas Company Profile

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.