Brokerages Set Lithium Americas Corp. (NYSE:LAC) Price Target at $5.51

Lithium Americas Corp. (NYSE:LAC - Get Free Report) has been given an average recommendation of "Hold" by the eleven brokerages that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.51.

Several equities research analysts have recently issued reports on the company. Piper Sandler lowered their price objective on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Wedbush initiated coverage on Lithium Americas in a research report on Thursday, December 19th. They issued a "neutral" rating and a $5.00 price target for the company. Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Finally, B. Riley increased their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th.

Institutional Trading of Lithium Americas

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its holdings in Lithium Americas by 99.4% during the 4th quarter. Allworth Financial LP now owns 9,814 shares of the company's stock worth $31,000 after purchasing an additional 4,893 shares during the period. Sage Investment Counsel LLC purchased a new position in shares of Lithium Americas during the fourth quarter valued at $30,000. Mariner LLC bought a new stake in shares of Lithium Americas in the fourth quarter valued at about $31,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lithium Americas in the fourth quarter worth about $34,000. Finally, Axxcess Wealth Management LLC bought a new position in Lithium Americas during the 4th quarter worth about $37,000.

Lithium Americas Trading Down 3.1 %

Shares of NYSE:LAC traded down $0.10 during trading on Friday, reaching $2.96. The company's stock had a trading volume of 4,958,763 shares, compared to its average volume of 4,805,908. The stock has a market capitalization of $652.11 million, a PE ratio of -24.63 and a beta of 1.68. Lithium Americas has a 12 month low of $2.02 and a 12 month high of $7.71. The firm's 50 day simple moving average is $3.13 and its two-hundred day simple moving average is $3.09.

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.