Alps Advisors Inc. Increases Holdings in Lithium Americas Corp. (NYSE:LAC)

Alps Advisors Inc. lifted its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 94.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 277,782 shares of the company's stock after purchasing an additional 134,735 shares during the period. Alps Advisors Inc. owned 0.13% of Lithium Americas worth $753,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Revisor Wealth Management LLC lifted its holdings in Lithium Americas by 107.3% during the first quarter. Revisor Wealth Management LLC now owns 158,561 shares of the company's stock worth $430,000 after buying an additional 82,081 shares during the period. Golden State Wealth Management LLC purchased a new stake in Lithium Americas during the first quarter worth $37,000. Hartmann Taylor Wealth Management LLC purchased a new stake in Lithium Americas during the first quarter worth $33,000. Matauro LLC purchased a new stake in Lithium Americas during the first quarter worth $46,000. Finally, Members Wealth LLC acquired a new position in shares of Lithium Americas during the first quarter worth $27,000.

Lithium Americas Stock Performance

Shares of LAC stock opened at $2.86 on Tuesday. The business has a fifty day moving average of $2.78 and a 200 day moving average of $2.88. The firm has a market capitalization of $624.96 million, a price-to-earnings ratio of -17.84 and a beta of 0.69. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $5.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.35 and a quick ratio of 10.35.

Lithium Americas (NYSE:LAC - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). As a group, research analysts expect that Lithium Americas Corp. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LAC. Scotiabank reduced their price target on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a research report on Monday, March 31st. National Bankshares downgraded Lithium Americas from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 16th. Wedbush reaffirmed a "neutral" rating and set a $5.00 price target on shares of Lithium Americas in a research report on Friday, May 16th. Evercore ISI began coverage on Lithium Americas in a research report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price target on the stock. Finally, National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Lithium Americas currently has an average rating of "Hold" and an average target price of $3.88.

Lithium Americas 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.

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