Lithium Americas Corp. (NYSE:LAC) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.51.

A number of equities research analysts recently issued reports on the company. B. Riley increased their price target on Lithium Americas from $4.50 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. 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. Wedbush initiated coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price objective for the company. BMO Capital Markets raised Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Finally, Scotiabank decreased their price target on Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a research note on Friday, October 18th.

Lithium Americas Trading Down 1.2 %

Shares of NYSE:LAC traded down $0.04 on Monday, reaching $2.99. 4,413,740 shares of the company's stock were exchanged, compared to its average volume of 4,701,615. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $7.71. The company has a fifty day moving average of $3.33 and a 200-day moving average of $3.06. The company has a market capitalization of $658.73 million, a price-to-earnings ratio of -24.88 and a beta of 1.67.

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Institutional Trading of Lithium Americas

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Lithium Americas by 99.4% in the 4th quarter. Allworth Financial LP now owns 9,814 shares of the company's stock valued at $31,000 after buying an additional 4,893 shares during the last quarter. Quotient Wealth Partners LLC bought a new position in shares of Lithium Americas during the fourth quarter valued at $49,000. Silverlake Wealth Management LLC raised its stake in shares of Lithium Americas by 35.2% during the fourth quarter. Silverlake Wealth Management LLC now owns 44,405 shares of the company's stock valued at $132,000 after acquiring an additional 11,553 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Lithium Americas by 46.2% during the fourth quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company's stock worth $47,000 after purchasing an additional 5,000 shares during the period. Finally, PFG Investments LLC grew its stake in shares of Lithium Americas by 65.3% in the fourth quarter. PFG Investments LLC now owns 55,301 shares of the company's stock worth $164,000 after purchasing an additional 21,840 shares during the last quarter.

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.