Lithium Americas Corp. (NYSE:LAC - Get Free Report) shares saw strong trading volume on Wednesday . 8,153,375 shares traded hands during mid-day trading, an increase of 75% from the previous session's volume of 4,655,309 shares.The stock last traded at $3.12 and had previously closed at $2.87.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on LAC. National Bankshares lowered shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Wedbush reiterated a "neutral" rating and issued a $5.00 target price on shares of Lithium Americas in a report on Friday, May 16th. Evercore ISI started 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. National Bank Financial lowered shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. 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. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.88.
Read Our Latest Research Report on LAC
Lithium Americas Stock Down 1.8%
The firm has a market cap of $715.80 million, a P/E ratio of -20.44 and a beta of 0.69. 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 firm's fifty day moving average is $2.78 and its 200 day moving average is $2.89.
Lithium Americas (NYSE:LAC - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). As a group, equities research analysts anticipate that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lithium Americas
A number of institutional investors have recently added to or reduced their stakes in LAC. Cacti Asset Management LLC bought a new stake in Lithium Americas during the 1st quarter worth approximately $27,000. Members Wealth LLC bought a new stake in shares of Lithium Americas in the 1st quarter valued at $27,000. Ping Capital Management Inc. bought a new stake in shares of Lithium Americas in the 1st quarter valued at $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Lithium Americas in the 1st quarter valued at $27,000. Finally, Mariner LLC bought a new stake in shares of Lithium Americas in the 4th quarter valued at $31,000.
About Lithium Americas
(
Get Free Report)
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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