Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.96, but opened at $3.02. Lithium Americas shares last traded at $2.94, with a volume of 370,733 shares trading hands.
Analyst Ratings Changes
A number of research firms have weighed in on LAC. Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Piper Sandler cut their price objective on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Wedbush began coverage on Lithium Americas in a report on Thursday, December 19th. They issued a "neutral" rating and a $5.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.80.
Read Our Latest Research Report on Lithium Americas
Lithium Americas Trading Down 1.0 %
The business has a 50-day moving average of $3.00 and a 200 day moving average of $3.17. The firm has a market capitalization of $648.81 million, a P/E ratio of -24.50 and a beta of 1.77.
Hedge Funds Weigh In On Lithium Americas
Large investors have recently modified their holdings of the company. Sage Investment Counsel LLC bought a new stake in Lithium Americas during the 4th quarter valued at $30,000. Allworth Financial LP increased its position in shares of 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 acquiring an additional 4,893 shares in the last quarter. Mariner LLC acquired a new stake in shares of Lithium Americas in the 4th quarter worth about $31,000. Susquehanna Fundamental Investments LLC bought a new position in Lithium Americas in the 4th quarter valued at about $34,000. Finally, Axxcess Wealth Management LLC acquired a new position in Lithium Americas during the 4th quarter valued at about $37,000.
Lithium Americas Company Profile
(
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.
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