Lithium Americas Corp. (NYSE:LAC - Get Free Report) shares fell 4.2% during mid-day trading on Wednesday . The company traded as low as $2.64 and last traded at $2.63. 711,439 shares were traded during mid-day trading, a decline of 87% from the average session volume of 5,468,380 shares. The stock had previously closed at $2.74.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on LAC shares. National Bankshares lowered Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Wedbush reiterated a "neutral" rating and set a $5.00 price objective on shares of Lithium Americas in a report on Friday, May 16th. Scotiabank cut their price objective 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. Evercore ISI started coverage on Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price objective for the company. Finally, National Bank Financial lowered Lithium Americas from a "strong-buy" rating to a "hold" 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.88.
Check Out Our Latest Stock Analysis on Lithium Americas
Lithium Americas Stock Performance
The company has a current ratio of 10.35, a quick ratio of 10.35 and a debt-to-equity ratio of 0.02. The company's 50-day simple moving average is $2.78 and its 200 day simple moving average is $2.89.
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 the consensus estimate of ($0.04) by ($0.01). On average, sell-side analysts predict that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Lithium Americas
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cacti Asset Management LLC acquired a new stake in shares of Lithium Americas in the first quarter valued at about $27,000. Members Wealth LLC acquired a new stake in shares of Lithium Americas in the first quarter valued at about $27,000. Ping Capital Management Inc. acquired a new stake in shares of Lithium Americas in the first quarter valued at about $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Lithium Americas in the first quarter valued at about $27,000. Finally, Mariner LLC acquired a new stake in shares of Lithium Americas in the fourth quarter valued at about $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.
Featured Articles
Before you consider Lithium Americas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas wasn't on the list.
While Lithium Americas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
