Lithium Americas Corp. (NYSE:LAC) Receives Average Recommendation of “Hold” from Analysts

Shares of Lithium Americas Corp. (NYSE:LAC) have received a consensus rating of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $5.63.

A number of analysts have commented on LAC shares. Scotiabank cut their price target on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research note on Friday, October 18th. B. Riley lifted their price target on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd.

Lithium Americas Trading Down 2.1 %

Lithium Americas stock opened at $3.25 on Friday. The company has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $2.99. Lithium Americas has a 1-year low of $2.02 and a 1-year high of $7.71. The company has a market cap of $717.23 million and a P/E ratio of -27.08.

Institutional Investors Weigh In On Lithium Americas

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairscale Capital LLC bought a new stake in Lithium Americas during the 2nd quarter valued at $27,000. AE Wealth Management LLC bought a new stake in Lithium Americas during the 2nd quarter worth approximately $27,000. Evergreen Capital Management LLC purchased a new stake in shares of Lithium Americas in the second quarter worth approximately $27,000. Quent Capital LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Lithium Americas in the second quarter valued at approximately $30,000.

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.