Van ECK Associates Corp Sells 139,863 Shares of Lithium Americas Corp. (NYSE:LAC)

Van ECK Associates Corp cut its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,682,809 shares of the company's stock after selling 139,863 shares during the quarter. Van ECK Associates Corp owned 1.67% of Lithium Americas worth $10,938,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Teamwork Financial Advisors LLC raised its position in shares of Lithium Americas by 79.2% during the fourth quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock worth $2,122,000 after acquiring an additional 315,621 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of Lithium Americas during the 3rd quarter worth approximately $787,000. Independent Wealth Network Inc. increased its stake in shares of Lithium Americas by 133.4% in the 4th quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company's stock valued at $644,000 after acquiring an additional 123,993 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lithium Americas by 41.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company's stock valued at $1,008,000 after acquiring an additional 108,993 shares during the period. Finally, Centiva Capital LP lifted its position in shares of Lithium Americas by 71.7% during the 3rd quarter. Centiva Capital LP now owns 231,946 shares of the company's stock valued at $626,000 after acquiring an additional 96,896 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. B. Riley boosted their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Wedbush assumed coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a "neutral" rating and a $5.00 target price on the stock. Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a report on Friday, January 17th. Finally, Piper Sandler lowered their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $5.51.

Lithium Americas Price Performance

Shares of LAC stock traded down $0.04 on Thursday, hitting $3.05. The stock had a trading volume of 2,944,719 shares, compared to its average volume of 4,800,975. The business has a 50 day moving average of $3.13 and a 200 day moving average of $3.09. The stock has a market cap of $671.99 million, a price-to-earnings ratio of -25.38 and a beta of 1.68. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $7.71.

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.