Brokerages Set Lithium Americas Corp. (NYSE:LAC) PT at $5.56

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven ratings firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.56.

Several research firms recently weighed in on LAC. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. B. Riley boosted their target price on Lithium Americas from $4.50 to $5.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. National Bank Financial raised shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Wedbush assumed coverage on Lithium Americas in a report on Thursday, December 19th. They issued a "neutral" rating and a $5.00 price objective for the company. Finally, Scotiabank decreased their target price on shares of 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.

Lithium Americas Stock Performance

LAC traded up $0.09 on Thursday, hitting $3.06. 3,970,663 shares of the company were exchanged, compared to its average volume of 5,374,854. The stock has a market capitalization of $675.30 million and a PE ratio of -25.50. Lithium Americas has a 12 month low of $2.02 and a 12 month high of $7.71. The firm has a fifty day simple moving average of $3.65 and a two-hundred day simple moving average of $2.99.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LAC. Creative Financial Designs Inc. ADV raised its holdings in shares of Lithium Americas by 39.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company's stock worth $35,000 after acquiring an additional 3,693 shares in the last quarter. National Bank of Canada FI lifted its position in Lithium Americas by 13.2% in the third quarter. National Bank of Canada FI now owns 37,129 shares of the company's stock worth $100,000 after buying an additional 4,340 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Lithium Americas by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company's stock worth $112,000 after buying an additional 4,504 shares during the period. Cowen AND Company LLC increased its position in Lithium Americas by 50.0% during the second quarter. Cowen AND Company LLC now owns 15,000 shares of the company's stock valued at $40,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Quent Capital LLC raised 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 valued at $27,000 after acquiring an additional 5,000 shares during the period.

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.