Lithium Americas Corp. (NYSE:LAC) Receives Consensus Rating of "Hold" from Analysts

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have been given a consensus rating of "Hold" by the nine research firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $3.88.

Several brokerages have recently weighed in on LAC. Evercore ISI began coverage on Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price objective on the stock. Scotiabank decreased 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 Bankshares lowered Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. National Bank Financial lowered Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Wedbush reissued a "neutral" rating and set a $5.00 price objective on shares of Lithium Americas in a report on Friday, May 16th.

Institutional Trading of Lithium Americas

Institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its position in Lithium Americas by 3.9% in the 4th quarter. Mackenzie Financial Corp now owns 87,701 shares of the company's stock valued at $262,000 after purchasing an additional 3,310 shares during the last quarter. Ameriprise Financial Inc. raised its position in Lithium Americas by 4.4% in the 4th quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company's stock valued at $309,000 after purchasing an additional 4,379 shares during the last quarter. HITE Hedge Asset Management LLC raised its position in Lithium Americas by 0.6% in the 1st quarter. HITE Hedge Asset Management LLC now owns 735,918 shares of the company's stock valued at $1,994,000 after purchasing an additional 4,445 shares during the last quarter. Independent Wealth Network Inc. raised its position in Lithium Americas by 3.4% in the 2nd quarter. Independent Wealth Network Inc. now owns 239,255 shares of the company's stock valued at $641,000 after purchasing an additional 7,823 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Lithium Americas by 44.1% in the 4th quarter. Toronto Dominion Bank now owns 27,679 shares of the company's stock valued at $82,000 after purchasing an additional 8,466 shares during the last quarter.

Lithium Americas Stock Performance

LAC opened at $3.27 on Monday. The firm has a market capitalization of $715.80 million, a P/E ratio of -20.44 and a beta of 0.69. The stock's 50 day moving average price is $2.78 and its two-hundred day moving average price is $2.88. The company has a quick ratio of 10.35, a current ratio of 10.35 and a debt-to-equity ratio of 0.02. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $5.20.

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

About Lithium Americas

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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