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

Shares of Lithium Americas Corp. (NYSE:LAC) have been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.56.

LAC has been the subject of a number of research reports. Wedbush assumed coverage on Lithium Americas in a research report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price objective for the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Scotiabank lowered their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, B. Riley upped their target price on 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

Several large investors have recently added to or reduced their stakes in LAC. Fairscale Capital LLC bought a new position in shares of Lithium Americas during the second quarter worth approximately $27,000. Quent Capital LLC lifted its position in shares of 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 buying an additional 5,000 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at approximately $27,000. AE Wealth Management LLC bought a new stake in shares of Lithium Americas during the second quarter worth $27,000. Finally, International Assets Investment Management LLC bought a new stake in Lithium Americas during the 2nd quarter worth $30,000.

Lithium Americas Price Performance

LAC opened at $3.42 on Thursday. The company’s 50 day simple moving average is $3.64 and its 200-day simple moving average is $2.99. The stock has a market capitalization of $754.74 million, a P/E ratio of -28.50 and a beta of 1.67. Lithium Americas has a one year low of $2.02 and a one year 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.