Lithium Americas (NYSE:LAC) Rating Increased to Hold at BMO Capital Markets

Lithium Americas (NYSE:LAC - Get Free Report) was upgraded by research analysts at BMO Capital Markets to a "hold" rating in a report issued on Wednesday, Zacks.com reports.

A number of other research firms also recently weighed in on LAC. National Bank Financial raised Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Piper Sandler began coverage on Lithium Americas in a research report on Monday, July 29th. They set a "neutral" rating and a $3.90 target price for the company. Scotiabank reduced their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a research note on Friday, October 18th. B. Riley lowered their target price on shares of Lithium Americas from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a research report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.50.

Lithium Americas Stock Performance

Shares of Lithium Americas stock traded up $0.27 during trading on Wednesday, reaching $3.68. The company's stock had a trading volume of 14,737,203 shares, compared to its average volume of 4,791,545. Lithium Americas has a one year low of $2.02 and a one year high of $7.86. The stock has a 50-day moving average price of $2.65 and a two-hundred day moving average price of $3.25.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). On average, research analysts anticipate that Lithium Americas will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new position in shares of Lithium Americas during the 1st quarter worth about $48,000. Headlands Technologies LLC boosted its position in Lithium Americas by 2,332.3% during the first quarter. Headlands Technologies LLC now owns 7,686 shares of the company's stock valued at $52,000 after purchasing an additional 7,370 shares during the last quarter. Fairscale Capital LLC bought a new position in Lithium Americas in the second quarter valued at approximately $27,000. Teamwork Financial Advisors LLC acquired a new position in shares of Lithium Americas during the 1st quarter worth approximately $68,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Lithium Americas during the 2nd quarter worth approximately $27,000.

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.