Lithium Americas Corp. (NYSE:LAC) Given Average Rating of "Moderate Buy" by Analysts

Lithium Americas Corp. (NYSE:LAC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $4.75.

Several equities research analysts have commented on LAC shares. Cormark raised shares of Lithium Americas to a "moderate buy" rating in a report on Friday, January 17th. Evercore ISI started coverage on shares of Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price objective on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Lithium Americas in a report on Wednesday, April 2nd. Finally, Scotiabank dropped their price objective on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a report on Monday, March 31st.

Lithium Americas Trading Up 1.1%

Shares of NYSE:LAC traded up $0.04 during midday trading on Wednesday, reaching $3.20. The company had a trading volume of 1,003,274 shares, compared to its average volume of 5,520,031. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $5.20. The company's 50 day moving average price is $2.83 and its 200 day moving average price is $3.19. The stock has a market cap of $698.70 million, a P/E ratio of -26.63 and a beta of 0.89.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). Research analysts forecast that Lithium Americas will post -0.12 EPS for the current fiscal year.

Institutional Trading of Lithium Americas

Large investors have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC boosted its holdings in shares of Lithium Americas by 1,132.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 811,632 shares of the company's stock valued at $2,411,000 after buying an additional 745,777 shares in the last quarter. Decade Renewable Partners LP purchased a new position in shares of Lithium Americas in the 4th quarter worth about $1,331,000. HITE Hedge Asset Management LLC raised its position in shares of Lithium Americas by 150.9% in the 4th quarter. HITE Hedge Asset Management LLC now owns 731,473 shares of the company's stock worth $2,172,000 after purchasing an additional 439,974 shares during the last quarter. Teamwork Financial Advisors LLC raised its position in shares of Lithium Americas by 79.2% in the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock worth $2,122,000 after purchasing an additional 315,621 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lithium Americas by 8.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,254,848 shares of the company's stock worth $9,732,000 after purchasing an additional 240,418 shares during the last quarter.

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.