Credit Industriel ET Commercial Acquires Shares of 120,000 Lithium Americas Corp. (NYSE:LAC)

Credit Industriel ET Commercial bought a new position in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 120,000 shares of the company's stock, valued at approximately $356,000. Credit Industriel ET Commercial owned 0.05% of Lithium Americas as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LAC. HITE Hedge Asset Management LLC grew its stake in Lithium Americas by 150.9% during the fourth quarter. HITE Hedge Asset Management LLC now owns 731,473 shares of the company's stock worth $2,172,000 after buying an additional 439,974 shares during the period. XTX Topco Ltd lifted its stake in shares of Lithium Americas by 145.7% during the fourth quarter. XTX Topco Ltd now owns 121,247 shares of the company's stock worth $360,000 after purchasing an additional 71,895 shares in the last quarter. Mariner LLC purchased a new stake in shares of Lithium Americas in the fourth quarter worth about $31,000. Barclays PLC grew its stake in shares of Lithium Americas by 28.1% in the fourth quarter. Barclays PLC now owns 147,633 shares of the company's stock valued at $438,000 after buying an additional 32,425 shares in the last quarter. Finally, Quinn Opportunity Partners LLC raised its holdings in shares of Lithium Americas by 1,132.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 811,632 shares of the company's stock valued at $2,411,000 after buying an additional 745,777 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on LAC. National Bankshares restated an "outperform" rating on shares of Lithium Americas in a report on Wednesday, April 2nd. Piper Sandler lowered their price target on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Evercore ISI began coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price objective on the stock. Scotiabank dropped their target price on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a research report on Monday, March 31st. Finally, Cormark upgraded Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4.75.

Lithium Americas Trading Down 2.0 %

NYSE:LAC traded down $0.06 during midday trading on Friday, hitting $2.90. 4,610,612 shares of the stock were exchanged, compared to its average volume of 5,562,706. The business has a 50-day moving average price of $2.79 and a two-hundred day moving average price of $3.19. The company has a market capitalization of $639.99 million, a price-to-earnings ratio of -24.17 and a beta of 1.01. Lithium Americas Corp. has a one year low of $2.02 and a one year high of $5.20.

Lithium Americas (NYSE:LAC - Get Free Report) last announced its earnings results on Friday, March 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). Sell-side analysts forecast that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.

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.