Lithium Americas (NYSE:LAC) Trading 3.5% Higher

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) traded up 3.5% on Monday . The stock traded as high as $2.67 and last traded at $2.66. 741,376 shares traded hands during trading, a decline of 82% from the average session volume of 4,212,987 shares. The stock had previously closed at $2.57.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler assumed coverage on Lithium Americas in a report on Monday, July 29th. They set a "neutral" rating and a $3.90 target price on the stock. National Bank Financial upgraded Lithium Americas to a "hold" rating in a report on Wednesday, June 5th. Scotiabank reduced their target price on Lithium Americas from $5.50 to $3.00 and set a "sector perform" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a research note on Friday. Finally, B. Riley dropped their price target on Lithium Americas from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $6.61.

Lithium Americas Trading Up 2.1 %

The business has a 50-day simple moving average of $2.66 and a two-hundred day simple moving average of $4.17.

Institutional Investors Weigh In On Lithium Americas

A number of institutional investors have recently made changes to their positions in LAC. Banque Cantonale Vaudoise bought a new stake in shares of Lithium Americas in the first quarter valued at approximately $25,000. Mather Group LLC. bought a new stake in Lithium Americas during the first quarter worth $26,000. Fairscale Capital LLC bought a new stake in Lithium Americas during the second quarter worth $27,000. AE Wealth Management LLC bought a new stake in Lithium Americas during the second quarter worth $27,000. Finally, Evergreen Capital Management LLC bought a new stake in Lithium Americas during the second quarter worth $27,000.

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.