Lithium Americas Corp. (NYSE:LAC - Get Free Report) shares saw an uptick in trading volume on Thursday . 6,100,894 shares traded hands during trading, an increase of 35% from the previous session's volume of 4,512,171 shares.The stock last traded at $2.87 and had previously closed at $2.65.
Analyst Ratings Changes
A number of brokerages have weighed in on LAC. Scotiabank decreased their price target on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a report on Monday, March 31st. National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Evercore ISI began coverage on Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price target for the company. Wedbush reiterated a "neutral" rating and set a $5.00 price target on shares of Lithium Americas in a report on Friday, May 16th. Finally, National Bankshares downgraded Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $3.88.
Read Our Latest Analysis on LAC
Lithium Americas Stock Performance
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 price of $2.78 and a 200 day moving average price of $2.88. The company has a market capitalization of $623.87 million, a price-to-earnings ratio of -17.81 and a beta of 0.69.
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). Equities research analysts predict that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lithium Americas
Hedge funds have recently added to or reduced their stakes in the stock. Cacti Asset Management LLC acquired a new position in Lithium Americas during the 1st quarter valued at about $27,000. Members Wealth LLC acquired a new position in Lithium Americas during the 1st quarter valued at about $27,000. Ping Capital Management Inc. acquired a new position in Lithium Americas during the 1st quarter valued at about $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Lithium Americas during the 1st quarter valued at about $27,000. Finally, Mariner LLC acquired a new position in Lithium Americas during the 4th quarter valued at about $31,000.
Lithium Americas Company Profile
(
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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