Lithium Americas Corp. (NYSE:LAC) Receives Consensus Rating of "Moderate Buy" from Analysts

Lithium Americas Corp. (NYSE:LAC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.50.

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A number of equities analysts recently issued reports on the company. B. Riley dropped their price objective on Lithium Americas from $4.50 to $4.00 and set a "buy" rating for the company in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a report on Friday, August 16th. Scotiabank decreased their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating for the company in a report on Friday. National Bank Financial upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday. Finally, Piper Sandler initiated coverage on shares of Lithium Americas in a research note on Monday, July 29th. They set a "neutral" rating and a $3.90 price target for the company.

Check Out Our Latest Stock Report on Lithium Americas

Institutional Trading of Lithium Americas

A number of hedge funds have recently bought and sold shares of LAC. Renaissance Technologies LLC purchased a new position in shares of Lithium Americas in the 2nd quarter valued at $520,000. Marshall Wace LLP purchased a new position in Lithium Americas in the second quarter valued at about $10,252,000. Virtu Financial LLC bought a new position in Lithium Americas in the fourth quarter worth about $217,000. Merewether Investment Management LP purchased a new stake in shares of Lithium Americas during the second quarter valued at about $858,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Lithium Americas by 8.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 242,074 shares of the company's stock valued at $1,627,000 after buying an additional 18,388 shares in the last quarter.

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Lithium Americas Price Performance

Shares of LAC opened at $3.14 on Friday. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $8.07. The company's fifty day simple moving average is $2.55 and its 200-day simple moving average is $3.37.

Lithium Americas (NYSE:LAC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, research analysts expect that Lithium Americas will post -0.09 earnings per share for the current year.

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.

Analyst Recommendations for Lithium Americas (NYSE:LAC)

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