Lithium Americas Target of Unusually High Options Trading (NYSE:LAC)

Lithium Americas Corp. (NYSE:LAC - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors purchased 15,065 put options on the company. This is an increase of 103% compared to the typical volume of 7,439 put options.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Scotiabank dropped their price objective 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. National Bank Financial raised shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 17th. B. Riley raised their target price 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 raised shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Wedbush initiated coverage on shares of Lithium Americas in a report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price objective on the stock. Seven 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, Lithium Americas presently has an average rating of "Hold" and an average target price of $5.51.

Lithium Americas Trading Up 1.3 %

Shares of LAC stock traded up $0.05 during trading hours on Friday, reaching $3.49. 4,942,566 shares of the company's stock were exchanged, compared to its average volume of 4,845,674. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71. The stock has a market cap of $769.09 million, a PE ratio of -29.04 and a beta of 1.67. The stock's fifty day moving average price is $3.50 and its two-hundred day moving average price is $3.02.

Institutional Investors Weigh In On Lithium Americas

A number of large investors have recently made changes to their positions in LAC. Teamwork Financial Advisors LLC lifted its position in Lithium Americas by 79.2% during the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock worth $2,122,000 after acquiring an additional 315,621 shares during the period. Independent Wealth Network Inc. lifted its holdings in shares of Lithium Americas by 133.4% during the fourth quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company's stock worth $644,000 after purchasing an additional 123,993 shares during the period. HB Wealth Management LLC purchased a new stake in Lithium Americas in the fourth quarter valued at approximately $55,000. Tidal Investments LLC lifted its stake in Lithium Americas by 31.8% during the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company's stock valued at $1,024,000 after acquiring an additional 91,353 shares during the period. Finally, Barclays PLC boosted its holdings in Lithium Americas by 50.7% in the third quarter. Barclays PLC now owns 115,208 shares of the company's stock valued at $311,000 after purchasing an additional 38,781 shares during the last quarter.

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.

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