Piper Sandler cut shares of Lithium Americas (TSE:LAC – Free Report) from a strong-buy rating to a hold rating in a research note published on Monday, Zacks.com reports.
LAC has been the topic of a number of other research reports. National Bank Financial upgraded shares of Lithium Americas to a hold rating in a research report on Wednesday, June 5th. Eight Capital upgraded shares of Lithium Americas to a strong-buy rating in a research note on Tuesday, May 14th. Finally, National Bankshares set a C$7.00 price objective on shares of Lithium Americas and gave the company a sector perform rating in a research note on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$9.00.
Read Our Latest Stock Report on LAC
Lithium Americas Stock Up 3.6 %
Lithium Americas (TSE:LAC – Get Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. Equities analysts forecast that Lithium Americas will post 1.3803828 earnings per share for the current year.
Insider Transactions at Lithium Americas
In other news, Senior Officer Samuel William Pigott bought 30,000 shares of Lithium Americas stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average price of C$3.60 per share, for a total transaction of C$108,000.00. In related news, Senior Officer Samuel William Pigott purchased 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of C$3.60 per share, with a total value of C$108,000.00. Also, Director John Kanellitsas purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of C$3.89 per share, for a total transaction of C$194,500.00. Insiders bought a total of 80,400 shares of company stock worth $303,840 in the last quarter. 7.53% of the stock is currently owned by corporate insiders.
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.
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