Lithium Americas Corp. (NYSE:LAC) Given Average Rating of "Moderate Buy" by Brokerages

Lithium Americas Corp. (NYSE:LAC - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve brokerages that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.61.

LAC has been the topic of several recent analyst reports. National Bank Financial upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, June 5th. Piper Sandler assumed coverage on shares of Lithium Americas in a report on Monday, July 29th. They issued a "neutral" rating and a $3.90 price target on the stock. Eight Capital dropped their price objective on shares of Lithium Americas from $13.50 to $10.00 and set a "buy" rating for the company in a report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a report on Friday, August 16th. Finally, B. Riley dropped their price target on Lithium Americas from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Friday, August 16th.

Institutional Trading of Lithium Americas

Several hedge funds and other institutional investors have recently bought and sold shares of LAC. Van ECK Associates Corp lifted its stake in Lithium Americas by 22.2% in the fourth quarter. Van ECK Associates Corp now owns 2,033,397 shares of the company's stock worth $13,015,000 after purchasing an additional 369,879 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Lithium Americas during the 4th quarter worth approximately $71,000. Formidable Asset Management LLC boosted its holdings in Lithium Americas by 1.0% during the 4th quarter. Formidable Asset Management LLC now owns 491,678 shares of the company's stock valued at $3,147,000 after acquiring an additional 4,775 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Lithium Americas in the 4th quarter valued at $66,000. Finally, Independent Advisor Alliance increased its stake in Lithium Americas by 98.9% in the fourth quarter. Independent Advisor Alliance now owns 23,660 shares of the company's stock worth $151,000 after purchasing an additional 11,767 shares during the period.

Lithium Americas Price Performance

NYSE LAC traded down $0.15 on Friday, reaching $2.45. 4,277,230 shares of the stock were exchanged, compared to its average volume of 4,178,160. Lithium Americas has a one year low of $2.02 and a one year high of $12.38. The company's 50-day simple moving average is $2.62 and its two-hundred day simple moving average is $4.08.

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.