Lithium Americas Corp. (NYSE:LAC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.80 and last traded at $3.81, with a volume of 3038851 shares traded. The stock had previously closed at $4.05.
Analysts Set New Price Targets
LAC has been the topic of several research reports. Evercore ISI dropped their price objective on shares of Lithium Americas from $13.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. HSBC decreased their target price on shares of Lithium Americas from $6.50 to $5.10 and set a "hold" rating on the stock in a research report on Friday, April 19th. Scotiabank lowered shares of Lithium Americas from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $15.00 to $7.00 in a research report on Monday, March 18th. Eight Capital decreased their target price on shares of Lithium Americas from $13.50 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.46.
Check Out Our Latest Analysis on LAC
Lithium Americas Stock Performance
The stock's 50-day moving average price is $5.57 and its 200-day moving average price is $5.67.
Lithium Americas (NYSE:LAC - Get Free Report) last announced its earnings results on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). Research analysts anticipate that Lithium Americas Corp. will post -0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Lithium Americas
A number of institutional investors and hedge funds have recently modified their holdings of LAC. Banque Cantonale Vaudoise bought a new stake in shares of Lithium Americas during the first quarter worth approximately $25,000. Mather Group LLC. bought a new stake in Lithium Americas in the first quarter valued at approximately $26,000. Allworth Financial LP bought a new stake in Lithium Americas in the fourth quarter valued at approximately $37,000. Operose Advisors LLC bought a new stake in Lithium Americas in the third quarter valued at approximately $44,000. Finally, Quent Capital LLC bought a new stake in Lithium Americas in the first quarter valued at approximately $48,000.
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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