Brokerages Set Lithium Americas Corp. (NYSE:LAC) PT at $3.88

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have earned an average rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.88.

Several equities analysts have issued reports on LAC shares. Scotiabank dropped their price objective on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a report on Monday, March 31st. National Bank Financial lowered Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. National Bankshares cut Lithium Americas from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 16th. Wedbush restated a "neutral" rating and set a $5.00 target price on shares of Lithium Americas in a research report on Friday, May 16th. Finally, Evercore ISI initiated coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an "outperform" rating and a $4.50 target price on the stock.

Lithium Americas Stock Performance

LAC stock traded up $0.06 during midday trading on Friday, reaching $2.70. 4,497,226 shares of the company were exchanged, compared to its average volume of 5,451,729. The company has a market cap of $591.04 million, a price-to-earnings ratio of -22.50 and a beta of 0.89. Lithium Americas has a 1-year low of $2.02 and a 1-year high of $5.20. The stock's 50-day simple moving average is $2.80 and its 200 day simple moving average is $3.05.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). On average, research analysts anticipate that Lithium Americas will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LAC. Cacti Asset Management LLC acquired a new stake in shares of Lithium Americas during the first quarter worth $27,000. Members Wealth LLC acquired a new stake in shares of Lithium Americas in the 1st quarter worth $27,000. Ping Capital Management Inc. acquired a new stake in shares of Lithium Americas in the 1st quarter worth $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Lithium Americas in the first quarter valued at about $27,000. Finally, Sage Investment Counsel LLC acquired a new position in shares of Lithium Americas during the fourth quarter worth about $30,000.

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.