Lithium Americas (NYSE:LAC) Shares Down 2.8%

Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price traded down 2.8% during mid-day trading on Monday . The stock traded as low as $2.74 and last traded at $2.75. 144,237 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 4,313,149 shares. The stock had previously closed at $2.83.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LAC shares. Eight Capital cut their target price 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. National Bank Financial upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, June 5th. HSBC lowered their target price on shares of Lithium Americas from $6.50 to $5.10 and set a "hold" rating for the company in a report on Friday, April 19th. Finally, Piper Sandler started coverage on shares of Lithium Americas in a report on Monday. They set a "neutral" rating and a $3.90 price target on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.67.

Lithium Americas Trading Down 4.4 %

The company's fifty day simple moving average is $3.03 and its 200-day simple moving average is $4.45.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its quarterly earnings results on Monday, May 13th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). On average, equities analysts anticipate that Lithium Americas Corp. will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise purchased a new position in Lithium Americas during the first quarter valued at approximately $25,000. Mather Group LLC. acquired a new position in shares of Lithium Americas in the 1st quarter valued at $26,000. Allworth Financial LP acquired a new position in shares of Lithium Americas in the 4th quarter valued at $37,000. Quent Capital LLC acquired a new stake in Lithium Americas during the first quarter valued at $48,000. Finally, Masso Torrence Wealth Management Inc. acquired a new stake in Lithium Americas during the second quarter valued at $51,000.

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.