Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s share price shot up 13.5% during trading on Tuesday . The company traded as high as $5.20 and last traded at $4.70. 26,810,576 shares were traded during trading, an increase of 437% from the average session volume of 4,989,949 shares. The stock had previously closed at $4.14.
Analysts Set New Price Targets
LAC has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a research note on Friday, August 16th. Scotiabank dropped their target price on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating for the company in a research report on Friday, October 18th. Piper Sandler initiated coverage on shares of Lithium Americas in a report on Monday, July 29th. They set a "neutral" rating and a $3.90 price target for the company. Finally, B. Riley decreased their price objective on shares of Lithium Americas from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Friday, August 16th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.50.
Get Our Latest Stock Report on LAC
Lithium Americas Price Performance
The company's 50-day moving average is $2.68 and its two-hundred day moving average is $3.17.
Lithium Americas (NYSE:LAC - Get Free Report) last issued its earnings results 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, analysts anticipate that Lithium Americas Corp. will post -0.09 EPS for the current year.
Hedge Funds Weigh In On Lithium Americas
A number of large investors have recently bought and sold shares of the stock. Fairscale Capital LLC bought a new stake in shares of Lithium Americas in the 2nd quarter worth approximately $27,000. AE Wealth Management LLC bought a new stake in Lithium Americas in the second quarter valued at $27,000. Evergreen Capital Management LLC bought a new stake in Lithium Americas in the second quarter valued at $27,000. Quent Capital LLC raised its holdings in Lithium Americas by 100.0% in the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company's stock worth $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Lithium Americas in the 2nd quarter worth about $30,000.
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.
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