Lithium Americas Corp. (NYSE:LAC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine brokerages that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $4.80.
Several analysts have issued reports on the company. Wedbush assumed coverage on Lithium Americas in a report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price target for the company. Piper Sandler dropped 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. Finally, Cormark raised Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th.
View Our Latest Stock Analysis on LAC
Institutional Investors Weigh In On Lithium Americas
A number of hedge funds have recently made changes to their positions in LAC. Centiva Capital LP lifted its position in shares of Lithium Americas by 71.7% in the third quarter. Centiva Capital LP now owns 231,946 shares of the company's stock worth $626,000 after buying an additional 96,896 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Lithium Americas by 13.4% in the third quarter. HighTower Advisors LLC now owns 50,473 shares of the company's stock worth $138,000 after buying an additional 5,952 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in Lithium Americas during the third quarter valued at approximately $787,000. National Bank of Canada FI raised its position in Lithium Americas by 13.2% during the third quarter. National Bank of Canada FI now owns 37,129 shares of the company's stock valued at $100,000 after purchasing an additional 4,340 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Lithium Americas during the third quarter valued at approximately $133,000.
Lithium Americas Stock Down 0.5 %
NYSE:LAC traded down $0.02 during mid-day trading on Tuesday, hitting $3.02. 1,790,287 shares of the company traded hands, compared to its average volume of 5,657,121. The stock's fifty day moving average price is $3.03 and its 200-day moving average price is $3.15. Lithium Americas has a one year low of $2.02 and a one year high of $7.71. The firm has a market cap of $665.37 million, a price-to-earnings ratio of -25.13 and a beta of 1.77.
About Lithium Americas
(
Get Free ReportLithium 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.
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