Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s share price fell 10.6% on Tuesday . The stock traded as low as $3.23 and last traded at $3.12. 1,449,794 shares were traded during trading, a decline of 68% from the average session volume of 4,495,265 shares. The stock had previously closed at $3.49.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Scotiabank decreased their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating for the company in a report on Friday, October 18th. Wedbush initiated coverage on shares of Lithium Americas in a report on Thursday, December 19th. They issued a "neutral" rating and a $5.00 price target for the company. Cormark raised Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. BMO Capital Markets raised Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. Finally, B. Riley raised their price target on Lithium Americas from $4.50 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.51.
Get Our Latest Stock Analysis on LAC
Lithium Americas Stock Up 2.1 %
The firm has a market capitalization of $700.66 million, a P/E ratio of -26.46 and a beta of 1.67. The stock has a fifty day moving average of $3.43 and a 200-day moving average of $3.05.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC acquired a new position in shares of Lithium Americas during the 2nd quarter worth approximately $520,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Lithium Americas in the second quarter valued at $32,000. AE Wealth Management LLC acquired a new position in Lithium Americas during the second quarter worth $27,000. Evergreen Capital Management LLC bought a new stake in Lithium Americas during the second quarter worth $27,000. Finally, Marshall Wace LLP acquired a new stake in Lithium Americas in the second quarter valued at $10,252,000.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Lithium Americas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas wasn't on the list.
While Lithium Americas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
