Lithium Americas Corp. (NYSE:LAC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.46.

Several brokerages have issued reports on LAC. Eight Capital dropped their target price on Lithium Americas from $13.50 to $10.00 and set a "buy" rating for the company in a report on Tuesday, May 14th. Scotiabank cut shares of Lithium Americas from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $15.00 to $7.00 in a research report on Monday, March 18th. Evercore ISI decreased their target price on shares of Lithium Americas from $13.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. HSBC cut their price target on shares of Lithium Americas from $6.50 to $5.10 and set a "hold" rating for the company in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their price objective on Lithium Americas from $5.50 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th.

Institutional Trading of Lithium Americas

Large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new position in Lithium Americas during the 1st quarter worth $25,000. Mather Group LLC. purchased a new stake in shares of Lithium Americas during the first quarter worth approximately $26,000. Allworth Financial LP acquired a new stake in Lithium Americas in the fourth quarter valued at approximately $37,000. Operose Advisors LLC purchased a new position in Lithium Americas in the third quarter worth approximately $44,000. Finally, Quent Capital LLC acquired a new position in Lithium Americas during the 1st quarter worth approximately $48,000.

Lithium Americas Stock Performance

LAC traded down $0.15 on Friday, reaching $2.78. 5,496,597 shares of the company's stock were exchanged, compared to its average volume of 5,307,696. Lithium Americas has a twelve month low of $2.76 and a twelve month high of $12.38. The stock's fifty day moving average price is $4.46 and its 200-day moving average price is $5.21.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its earnings results on Monday, May 13th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). As a group, sell-side analysts expect that Lithium Americas will post -0.1 EPS for the current fiscal year.

About Lithium Americas

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.