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Analysts Set Lithium Americas Corp. (NYSE:LAC) Price Target at $4.80

Lithium Americas logo with Basic Materials background
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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.

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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 Report

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.

Further Reading

Analyst Recommendations for Lithium Americas (NYSE:LAC)

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