Lithium Americas Corp. (NYSE:LAC) Receives $5.63 Consensus Target Price from Analysts

Shares of Lithium Americas Corp. (NYSE:LAC) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.63.

Several brokerages have recently weighed in on LAC. Scotiabank reduced 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 research note on Friday, October 18th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Piper Sandler assumed coverage on shares of Lithium Americas in a report on Monday, July 29th. They issued a “neutral” rating and a $3.90 price target on the stock. Finally, B. Riley upped their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC grew its holdings in Lithium Americas by 2,332.3% during the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company’s stock worth $52,000 after acquiring an additional 7,370 shares in the last quarter. Fairscale Capital LLC bought a new position in Lithium Americas during the 2nd quarter worth about $27,000. Quent Capital LLC grew its holdings in Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after acquiring an additional 5,000 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Lithium Americas in the 2nd quarter valued at about $27,000. Finally, AE Wealth Management LLC bought a new stake in shares of Lithium Americas in the 2nd quarter valued at about $27,000.

Lithium Americas Trading Down 3.9 %

Shares of LAC opened at $3.72 on Wednesday. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $7.71. The company has a market cap of $820.93 million and a P/E ratio of -31.00. The company’s fifty day simple moving average is $3.13 and its 200-day simple moving average is $3.07.

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.