MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 240,418 Shares of Lithium Americas Corp. (NYSE:LAC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,254,848 shares of the company's stock after buying an additional 240,418 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.47% of Lithium Americas worth $9,732,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quinn Opportunity Partners LLC boosted its holdings in shares of Lithium Americas by 1,132.5% during the fourth quarter. Quinn Opportunity Partners LLC now owns 811,632 shares of the company's stock worth $2,411,000 after purchasing an additional 745,777 shares during the period. Decade Renewable Partners LP purchased a new stake in shares of Lithium Americas during the fourth quarter worth about $1,331,000. HITE Hedge Asset Management LLC boosted its holdings in shares of Lithium Americas by 150.9% during the fourth quarter. HITE Hedge Asset Management LLC now owns 731,473 shares of the company's stock worth $2,172,000 after purchasing an additional 439,974 shares during the period. Teamwork Financial Advisors LLC boosted its holdings in shares of Lithium Americas by 79.2% during the fourth quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock worth $2,122,000 after purchasing an additional 315,621 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in shares of Lithium Americas during the fourth quarter worth about $686,000.

Analysts Set New Price Targets

LAC has been the subject of a number of research reports. National Bankshares downgraded shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 16th. National Bank Financial downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Wedbush reissued a "neutral" rating and issued a $5.00 price target on shares of Lithium Americas in a research note on Friday, May 16th. Scotiabank decreased their price target on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a research note on Monday, March 31st. Finally, Evercore ISI initiated coverage on shares of Lithium Americas in a research note on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Lithium Americas currently has an average rating of "Hold" and a consensus target price of $3.88.

Lithium Americas Stock Down 0.2%

Shares of NYSE LAC traded down $0.01 on Thursday, reaching $2.74. 1,859,006 shares of the company's stock traded hands, compared to its average volume of 5,541,056. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $5.20. The business's 50 day simple moving average is $2.83 and its two-hundred day simple moving average is $3.14. The company has a market cap of $598.11 million, a price-to-earnings ratio of -22.78 and a beta of 0.89.

Lithium Americas (NYSE:LAC - Get Free Report) last announced its earnings results 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). Analysts forecast that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.

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.