Lithium Americas Corp. (NYSE:LAC) Given Average Rating of “Hold” by Brokerages

Lithium Americas Corp. (NYSE:LAC) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.56.

A number of equities analysts recently commented on the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Scotiabank cut their target price on 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. Wedbush assumed coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target for the company. Finally, B. Riley raised their target price on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Institutional Trading of Lithium Americas

A number of hedge funds have recently made changes to their positions in LAC. Fairscale Capital LLC acquired a new stake in Lithium Americas during the second quarter valued at $27,000. Quent Capital LLC grew its stake in shares of Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after acquiring an additional 5,000 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Lithium Americas during the second quarter valued at about $27,000. AE Wealth Management LLC bought a new stake in shares of Lithium Americas in the 2nd quarter worth approximately $27,000. Finally, International Assets Investment Management LLC bought a new position in Lithium Americas in the second quarter worth $30,000.

Lithium Americas Price Performance

Lithium Americas stock opened at $3.42 on Thursday. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $7.71. The firm’s fifty day moving average price is $3.64 and its 200 day moving average price is $2.99. The company has a market capitalization of $754.74 million, a price-to-earnings ratio of -28.50 and a beta of 1.67.

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.