Lithium Americas (NYSE:LAC) Shares Up 13.6% - What's Next?

Lithium Americas Corp. (NYSE:LAC - Get Free Report) traded up 13.6% during mid-day trading on Monday . The stock traded as high as $4.22 and last traded at $4.18. 9,898,562 shares changed hands during trading, an increase of 106% from the average session volume of 4,816,421 shares. The stock had previously closed at $3.68.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Piper Sandler started coverage on shares of Lithium Americas in a report on Monday, July 29th. They set a "neutral" rating and a $3.90 target price on the stock. B. Riley decreased their price target on shares of 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 lowered their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating for the company in a research report on Friday, August 16th. Finally, Scotiabank cut their target price on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.50.

Lithium Americas Stock Up 12.5 %

The firm's 50 day simple moving average is $2.65 and its 200 day simple moving average is $3.19.

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

Institutional Investors Weigh In On Lithium Americas

Several institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its position in shares of Lithium Americas by 39.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company's stock worth $35,000 after buying an additional 3,693 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Lithium Americas by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company's stock valued at $112,000 after acquiring an additional 4,504 shares during the period. Cowen AND Company LLC lifted its position in Lithium Americas by 50.0% in the second quarter. Cowen AND Company LLC now owns 15,000 shares of the company's stock worth $40,000 after purchasing an additional 5,000 shares during the period. Quent Capital LLC lifted its position in Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company's stock worth $27,000 after purchasing an additional 5,000 shares during the period. Finally, Vontobel Holding Ltd. increased its position in shares of Lithium Americas by 37.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company's stock valued at $59,000 after purchasing an additional 5,930 shares during the period.

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.