Lithium Americas Corp. (NYSE:LAC) Receives Average Recommendation of "Hold" from Brokerages

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have been given a consensus recommendation of "Hold" by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.84.

Several research analysts have recently weighed in on LAC shares. Wedbush initiated coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They set a "neutral" rating and a $5.00 price target on the stock. Scotiabank lowered 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. Evercore ISI initiated coverage on Lithium Americas in a research report on Thursday. They issued an "outperform" rating and a $4.50 price target for the company. Cormark raised Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Finally, National Bankshares reiterated an "outperform" rating on shares of Lithium Americas in a research note on Wednesday, April 2nd.

Lithium Americas Price Performance

Lithium Americas stock traded down $0.04 during mid-day trading on Friday, reaching $2.67. 461,324 shares of the stock traded hands, compared to its average volume of 5,696,349. The stock has a market capitalization of $588.13 million, a PE ratio of -22.21 and a beta of 1.01. The business's 50-day moving average is $2.83 and its 200-day moving average is $3.19. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $6.82.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.09). Equities analysts anticipate that Lithium Americas will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Lithium Americas

Hedge funds have recently modified their holdings of the stock. Quinn Opportunity Partners LLC lifted its stake in Lithium Americas by 1,132.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 811,632 shares of the company's stock worth $2,411,000 after purchasing an additional 745,777 shares in the last quarter. Decade Renewable Partners LP purchased a new stake in shares of Lithium Americas in the fourth quarter worth about $1,331,000. HITE Hedge Asset Management LLC boosted 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 valued at $2,172,000 after buying an additional 439,974 shares during the last quarter. Teamwork Financial Advisors LLC grew its holdings in shares of Lithium Americas by 79.2% in the fourth quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock valued at $2,122,000 after purchasing an additional 315,621 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lithium Americas by 8.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,254,848 shares of the company's stock worth $9,732,000 after acquiring an additional 240,418 shares during the last quarter.

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.