Lithium Americas Corp. (NYSE:LAC) Given Average Recommendation of "Hold" by Analysts

Lithium Americas Corp. (NYSE:LAC - Get Free Report) has received an average recommendation of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.80.

LAC has been the subject of a number of research analyst reports. Cormark raised Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Wedbush started coverage on Lithium Americas in a research report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price objective for the company. Finally, Piper Sandler reduced their price target on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, January 7th.

Lithium Americas Stock Up 0.2 %

NYSE LAC traded up $0.01 on Tuesday, reaching $3.03. The company had a trading volume of 3,981,522 shares, compared to its average volume of 5,679,065. Lithium Americas has a 52 week low of $2.02 and a 52 week high of $7.71. The stock has a market cap of $667.57 million, a price-to-earnings ratio of -25.21 and a beta of 1.77. The stock's 50 day moving average is $3.04 and its 200-day moving average is $3.14.

Hedge Funds Weigh In On Lithium Americas

Large investors have recently made changes to their positions in the company. Sage Investment Counsel LLC bought a new position in shares of Lithium Americas during the fourth quarter worth approximately $30,000. Allworth Financial LP grew its position in Lithium Americas by 99.4% during the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company's stock worth $31,000 after buying an additional 4,893 shares in the last quarter. Mariner LLC acquired a new stake in Lithium Americas during the fourth quarter worth approximately $31,000. Susquehanna Fundamental Investments LLC acquired a new stake in Lithium Americas during the fourth quarter worth approximately $34,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Lithium Americas during the fourth quarter worth approximately $37,000.

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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.