Lithium Americas Corp. (NYSE:LAC) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have earned an average recommendation of "Hold" from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $3.88.

Several brokerages have weighed in on LAC. Scotiabank cut 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. 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. National Bankshares downgraded Lithium Americas from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 16th. Finally, National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.

Lithium Americas Stock Performance

Shares of NYSE LAC traded down $0.08 during mid-day trading on Monday, hitting $3.21. The stock had a trading volume of 9,143,190 shares, compared to its average volume of 9,262,537. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.35 and a current ratio of 10.35. The company has a 50 day moving average of $2.79 and a two-hundred day moving average of $2.89. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $5.20. The firm has a market cap of $701.57 million, a PE ratio of -20.03 and a beta of 0.69.

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 the consensus estimate of ($0.04) by ($0.01). Research analysts predict that Lithium Americas will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $9,732,000 after buying an additional 240,418 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Lithium Americas by 44.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,046,556 shares of the company's stock valued at $2,836,000 after buying an additional 324,518 shares in the last quarter. Teamwork Financial Advisors LLC lifted its stake in Lithium Americas by 18.1% in the 2nd quarter. Teamwork Financial Advisors LLC now owns 1,012,822 shares of the company's stock valued at $2,714,000 after buying an additional 155,068 shares in the last quarter. Quinn Opportunity Partners LLC lifted its stake in Lithium Americas by 1,132.5% in 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. Finally, HITE Hedge Asset Management LLC lifted its stake 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 buying an additional 4,445 shares in 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.