Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price was down 4.2% during trading on Wednesday . The company traded as low as $2.64 and last traded at $2.63. Approximately 711,439 shares changed hands during trading, a decline of 87% from the average daily volume of 5,468,380 shares. The stock had previously closed at $2.74.
Analyst Ratings Changes
A number of equities research analysts recently commented on LAC shares. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Wedbush restated a "neutral" rating and set a $5.00 price target on shares of Lithium Americas in a research note on Friday, May 16th. Scotiabank cut their price target on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a research note on Monday, March 31st. Evercore ISI initiated coverage on shares of Lithium Americas in a research note on Thursday, April 17th. They set an "outperform" rating and a $4.50 price target on the stock. Finally, National Bankshares lowered shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lithium Americas presently has an average rating of "Hold" and a consensus price target of $3.88.
Read Our Latest Research Report on LAC
Lithium Americas Price Performance
The stock has a market cap of $623.87 million, a price-to-earnings ratio of -17.81 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 $2.89. 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 (NYSE:LAC - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). Equities research analysts forecast that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.
Institutional Trading of Lithium Americas
Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Lithium Americas during the fourth quarter valued at $130,000. Ameriprise Financial Inc. increased its holdings in Lithium Americas by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company's stock valued at $309,000 after buying an additional 4,379 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Lithium Americas in the first quarter valued at $37,000. Quinn Opportunity Partners LLC increased its holdings in Lithium Americas by 1,132.5% in the fourth 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, Barclays PLC increased its holdings in Lithium Americas by 28.1% in the fourth quarter. Barclays PLC now owns 147,633 shares of the company's stock valued at $438,000 after buying an additional 32,425 shares in the last quarter.
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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