Lithium Americas (NYSE:LAC) Shares Up 3.5%

Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price was up 3.5% during mid-day trading on Wednesday . The company traded as high as $2.36 and last traded at $2.35. Approximately 254,352 shares traded hands during trading, a decline of 94% from the average daily volume of 4,157,167 shares. The stock had previously closed at $2.27.

Wall Street Analysts Forecast Growth

LAC has been the topic of several analyst reports. B. Riley reduced 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. Piper Sandler assumed coverage on shares of Lithium Americas in a research note on Monday, July 29th. They issued a "neutral" rating and a $3.90 price target on the stock. National Bank Financial raised shares of Lithium Americas to a "hold" rating in a research note on Wednesday, June 5th. Eight Capital reduced their price objective on Lithium Americas from $13.50 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Lithium Americas from $3.00 to $2.50 and set a "hold" rating for the company in a report on Friday, August 16th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Lithium Americas presently has an average rating of "Moderate Buy" and a consensus target price of $6.61.

Lithium Americas Price Performance

The firm's 50 day moving average price is $2.61 and its two-hundred day moving average price is $4.04.

Institutional Investors Weigh In On Lithium Americas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise bought a new position in shares of Lithium Americas in the 1st quarter worth $25,000. Mather Group LLC. purchased a new position in Lithium Americas in the first quarter worth $26,000. Fairscale Capital LLC bought a new stake in Lithium Americas during the second quarter worth about $27,000. AE Wealth Management LLC purchased a new position in shares of Lithium Americas in the 2nd quarter worth about $27,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Lithium Americas during the 2nd quarter valued at about $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.