Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.41, but opened at $3.55. Lithium Americas shares last traded at $3.57, with a volume of 1,712,507 shares.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. B. Riley lifted their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. Piper Sandler dropped their price target on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday. Wedbush assumed 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, Scotiabank dropped their target price on Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Lithium Americas presently has a consensus rating of "Hold" and an average price target of $5.51.
Read Our Latest Research Report on LAC
Lithium Americas Trading Up 0.9 %
The business's 50-day simple moving average is $3.63 and its 200 day simple moving average is $3.00. The company has a market capitalization of $759.16 million, a P/E ratio of -28.67 and a beta of 1.67.
Institutional Investors Weigh In On Lithium Americas
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in shares of Lithium Americas in the 2nd quarter worth $27,000. Quent Capital LLC raised its position in Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company's stock worth $27,000 after acquiring an additional 5,000 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Lithium Americas in the 2nd quarter valued at about $27,000. AE Wealth Management LLC bought a new position in shares of Lithium Americas during the 2nd quarter valued at about $27,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Lithium Americas in the 2nd quarter worth approximately $32,000.
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.
See Also
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
