Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.52, but opened at $2.63. Lithium Americas shares last traded at $2.59, with a volume of 1,459,413 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating for the company in a research note on Friday, August 16th. B. Riley lowered their target price on Lithium Americas from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Friday, August 16th. Scotiabank cut their price target on Lithium Americas from $5.50 to $3.00 and set a "sector perform" rating for the company in a research note on Thursday, August 15th. Finally, Piper Sandler assumed coverage on shares of Lithium Americas in a research report on Monday, July 29th. They set a "neutral" rating and a $3.90 price target for the company. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Lithium Americas currently has an average rating of "Moderate Buy" and an average target price of $6.61.
View Our Latest Report on Lithium Americas
Lithium Americas Trading Up 6.9 %
The business's 50 day simple moving average is $2.46 and its 200 day simple moving average is $3.64.
Lithium Americas (NYSE:LAC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, equities analysts forecast that Lithium Americas Corp. will post -0.09 earnings per share for the current year.
Institutional Trading of Lithium Americas
Institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise purchased a new stake in Lithium Americas during the 1st quarter valued at approximately $25,000. Mather Group LLC. bought a new position in shares of Lithium Americas during the first quarter worth $26,000. Quent Capital LLC purchased a new position in Lithium Americas during the first quarter valued at $48,000. Headlands Technologies LLC increased its holdings in Lithium Americas by 2,332.3% in the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company's stock valued at $52,000 after acquiring an additional 7,370 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Lithium Americas in the 2nd quarter worth $27,000.
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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