Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) fell 10.6% during mid-day trading on Tuesday . The company 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 weighed in on LAC shares. B. Riley raised their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. National Bank Financial raised Lithium Americas from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Scotiabank reduced their price objective on Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating for the company in a research note on Friday, October 18th. Finally, Wedbush began coverage on Lithium Americas in a research note on Thursday, December 19th. They set a "neutral" rating and a $5.00 target price on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.51.
Get Our Latest Report on LAC
Lithium Americas Price Performance
The stock has a market capitalization of $705.07 million, a P/E ratio of -26.63 and a beta of 1.67. The stock has a 50 day moving average price of $3.47 and a 200-day moving average price of $3.04.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in LAC. Evergreen Capital Management LLC purchased a new position in Lithium Americas during the 2nd quarter valued at about $27,000. AE Wealth Management LLC bought a new position in Lithium Americas during the 2nd quarter valued at approximately $27,000. Quent Capital LLC raised its stake in Lithium Americas by 100.0% during the third quarter. Quent Capital LLC now owns 10,000 shares of the company's stock valued at $27,000 after buying an additional 5,000 shares during the last quarter. Fairscale Capital LLC bought a new stake in Lithium Americas in the second quarter worth $27,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Lithium Americas in the second quarter worth $32,000.
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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