Analysts Set Lithium Americas Corp. (NYSE:LAC) Target Price at $4.15

Key Points

• Lithium Americas Corp. (NYSE:LAC) currently has a consensus rating of "Hold" from eight brokerages, with six analysts issuing hold ratings and two issuing buy ratings.
• The average 12-month target price for Lithium Americas shares is $4.15, indicating potential appreciation from the current stock price.
• The company recently reported a loss of ($0.06) earnings per share for the quarter, which was below the consensus estimate of (0.04).

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have earned a consensus rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $4.15.

LAC has been the topic of a number of recent research reports. National Bank Financial cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. National Bankshares cut Lithium Americas from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 16th. Cormark raised Lithium Americas to a "moderate buy" rating in a research report on Wednesday, August 20th. Finally, Wedbush reaffirmed a "neutral" rating and set a $5.00 price objective on shares of Lithium Americas in a research report on Friday, May 16th.

Lithium Americas Stock Up 0.2%

Shares of NYSE LAC traded up $0.01 during trading on Tuesday, reaching $2.85. The company had a trading volume of 2,442,940 shares, compared to its average volume of 5,608,687. Lithium Americas has a 12-month low of $2.28 and a 12-month high of $5.20. The stock has a market cap of $687.52 million, a PE ratio of -12.41 and a beta of 0.70. The business's 50-day moving average is $2.87 and its 200 day moving average is $2.81. The company has a quick ratio of 9.88, a current ratio of 9.88 and a debt-to-equity ratio of 0.33.

Lithium Americas (NYSE:LAC - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). As a group, equities analysts forecast that Lithium Americas will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lithium Americas

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Lithium Americas during the fourth quarter valued at $130,000. Ameriprise Financial Inc. boosted its position in shares of Lithium Americas by 4.4% during the fourth quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company's stock valued at $309,000 after buying an additional 4,379 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Lithium Americas during the first quarter valued at $37,000. Nuveen LLC bought a new position in Lithium Americas in the first quarter valued at about $504,000. Finally, American Century Companies Inc. purchased a new position in Lithium Americas in the first quarter worth about $277,000.

Lithium Americas Company 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.