Lithium Americas Corp. (NYSE:LAC) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp decreased its stake in Lithium Americas Corp. (NYSE:LAC - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,822,672 shares of the company's stock after selling 130,455 shares during the period. Van ECK Associates Corp owned 1.73% of Lithium Americas worth $10,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Marshall Wace LLP purchased a new position in shares of Lithium Americas in the second quarter worth $10,252,000. Point72 Asset Management L.P. increased its holdings in Lithium Americas by 580.1% during the second quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company's stock valued at $4,977,000 after buying an additional 1,584,123 shares during the period. Teamwork Financial Advisors LLC lifted its position in Lithium Americas by 2,274.3% during the third quarter. Teamwork Financial Advisors LLC now owns 398,760 shares of the company's stock valued at $1,077,000 after acquiring an additional 381,965 shares during the last quarter. Merewether Investment Management LP acquired a new stake in shares of Lithium Americas during the second quarter worth about $858,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Lithium Americas during the 2nd quarter worth about $520,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on LAC. National Bank Financial upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 17th. B. Riley reduced their price objective on Lithium Americas from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Friday, August 16th. Scotiabank decreased their price target on Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a research note on Friday, October 18th. Piper Sandler initiated coverage on shares of Lithium Americas in a research note on Monday, July 29th. They issued a "neutral" rating and a $3.90 target price for the company. Finally, BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.50.

Lithium Americas Stock Up 3.8 %

Shares of LAC stock traded up $0.15 during trading hours on Thursday, reaching $4.10. 6,550,902 shares of the company traded hands, compared to its average volume of 5,267,961. The firm has a 50-day moving average price of $2.90 and a 200 day moving average price of $3.10. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $7.86.

Lithium Americas (NYSE:LAC - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. On average, equities research analysts forecast that Lithium Americas Corp. will post -0.09 EPS for the current year.

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.