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

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

LAC has been the subject of a number of analyst reports. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Wedbush started coverage on Lithium Americas in a research note on Thursday, December 19th. They set a "neutral" rating and a $5.00 price target for the company. National Bank Financial raised Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Scotiabank decreased their price target on Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating for the company in a research note on Friday, October 18th. Finally, Cormark upgraded Lithium Americas to a "moderate buy" rating in a report on Friday, January 17th.

Institutional Trading of Lithium Americas

A number of institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in shares of Lithium Americas in the 2nd quarter worth $10,252,000. Point72 Asset Management L.P. boosted its position in shares of Lithium Americas by 580.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company's stock worth $4,977,000 after purchasing an additional 1,584,123 shares in the last quarter. Teamwork Financial Advisors LLC boosted its position in shares of Lithium Americas by 79.2% in the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock worth $2,122,000 after purchasing an additional 315,621 shares in the last quarter. Tidal Investments LLC lifted its position in Lithium Americas by 31.8% during the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company's stock worth $1,024,000 after acquiring an additional 91,353 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Lithium Americas by 41.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company's stock worth $1,008,000 after acquiring an additional 108,993 shares during the period.

Lithium Americas Stock Performance

Shares of NYSE:LAC traded up $0.05 during midday trading on Monday, reaching $3.02. 3,884,425 shares of the company's stock traded hands, compared to its average volume of 5,153,453. The company has a market cap of $665.35 million, a price-to-earnings ratio of -25.13 and a beta of 1.67. Lithium Americas has a one year low of $2.02 and a one year high of $7.71. The stock has a 50 day moving average of $3.36 and a 200 day moving average of $3.06.

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.