JPMorgan Chase & Co. Issues Pessimistic Forecast for Lithium Americas (NYSE:LAC) Stock Price

Key Points

• JPMorgan cut its Lithium Americas price target from $6 to $5 but maintained an Overweight rating; the new target implies 232% upside from the stock’s $1.50 price.
• Shares fell 7.7% on Friday to $1.50, near their 52-week low. Lithium Americas also missed quarterly earnings expectations, reporting a $0.05-per-share loss versus the $0.03 loss analysts expected.
• Analyst views are mixed: the consensus rating is Hold, with a $5.08 average price target. Recent coverage ranges from Buy to Sell.

Lithium Americas (NYSE:LAC - Get Free Report) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 232.23% from the company's current price.

LAC has been the subject of several other reports. Wall Street Zen raised shares of Lithium Americas from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Canaccord Genuity Group upgraded shares of Lithium Americas from a "hold" rating to a "speculative buy" rating in a report on Thursday, October 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lithium Americas in a research note on Thursday, October 22nd. Finally, BMO Capital Markets set a $3.50 price target on shares of Lithium Americas in a research note on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lithium Americas presently has a consensus rating of "Hold" and a consensus target price of $5.08.

Lithium Americas Trading Down 7.7%

Shares of NYSE:LAC traded down $0.12 during trading on Friday, hitting $1.50. The company had a trading volume of 11,608,390 shares, compared to its average volume of 10,726,270. The stock has a market cap of $546.38 million, a price-to-earnings ratio of -4.07 and a beta of 2.74. Lithium Americas has a one year low of $1.49 and a one year high of $6.96. The company has a fifty day simple moving average of $2.42 and a two-hundred day simple moving average of $3.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 5.47 and a quick ratio of 5.47.

Lithium Americas (NYSE:LAC - Get Free Report) last released its earnings results on Thursday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, equities analysts forecast that Lithium Americas will post -0.07 earnings per share for the current year.

Hedge Funds Weigh In On Lithium Americas

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Lithium Americas by 229.9% during the first quarter. Dimensional Fund Advisors LP now owns 565,135 shares of the company's stock valued at $2,231,000 after buying an additional 393,842 shares during the period. Engineers Gate Manager LP purchased a new stake in Lithium Americas during the second quarter worth $838,000. Alps Advisors Inc. lifted its holdings in Lithium Americas by 16.8% during the third quarter. Alps Advisors Inc. now owns 1,328,620 shares of the company's stock worth $3,494,000 after buying an additional 190,815 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Lithium Americas by 37.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 510,480 shares of the company's stock valued at $1,345,000 after acquiring an additional 138,459 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Lithium Americas by 183.7% during the 1st quarter. Cetera Investment Advisers now owns 189,987 shares of the company's stock valued at $750,000 after acquiring an additional 123,028 shares in the last quarter.

More Lithium Americas News

Investors following LAC have been watching these news items:

• Positive Sentiment: Lithium Americas reported third-quarter 2026 results and said it continues to advance construction at Thacker Pass. The company also highlighted a strong cash position, which may help fund development. Article: Lithium Americas Reports Q3 Results and Strong Cash Position
• Positive Sentiment: At Thacker Pass, engineering is complete and equipment procurement is more than 90% finished. Phase 1 is targeted for completion in late 2027, with ramp-up in 2028 and planned annual production of 40,000 tonnes of lithium carbonate. Article: Lithium Americas Unveils Thacker Pass Construction Plan
• Negative Sentiment: Thacker Pass Phase 1 is now estimated to cost $3.83 billion, up 31% from the prior estimate. The larger capital requirement may heighten concerns about financing, execution risk and potential dilution, despite construction progress. Article: Lithium Americas Resets Thacker Pass Costs

Lithium Americas Company Profile

Lithium Americas Corp. is a Canadian company focused on developing lithium resources in North America. Its principal project is Thacker Pass, a lithium deposit in Humboldt County, Nevada, where the company plans to mine and process lithium-bearing claystone. The planned operation is designed to produce lithium carbonate for use in electric-vehicle batteries and energy storage systems. The project is intended to serve the North American battery supply chain; Lithium Americas is developing the resource rather than operating it as a producing mine.

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