Lithium Americas Corp. (NYSE:LAC) Receives $14.94 Average Price Target from Analysts

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.94.

A number of analysts recently commented on the company. Evercore ISI decreased their price target on Lithium Americas from $13.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price target on Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Finally, Scotiabank downgraded Lithium Americas from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $15.00 to $7.00 in a research report on Monday, March 18th.

Hedge Funds Weigh In On Lithium Americas

Several institutional investors and hedge funds have recently bought and sold shares of the company. General Motors Holdings LLC boosted its holdings in shares of Lithium Americas by 100.0% in the fourth quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company's stock worth $190,829,000 after acquiring an additional 15,002,245 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lithium Americas by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 3,587,703 shares of the company's stock worth $22,961,000 after acquiring an additional 53,563 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Lithium Americas by 24.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,345,908 shares of the company's stock worth $15,122,000 after acquiring an additional 461,635 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Lithium Americas by 22.2% in the fourth quarter. Van ECK Associates Corp now owns 2,033,397 shares of the company's stock worth $13,015,000 after acquiring an additional 369,879 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Lithium Americas by 395.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,057,533 shares of the company's stock worth $6,768,000 after acquiring an additional 844,229 shares during the period.

Lithium Americas Stock Performance

Shares of Lithium Americas stock traded up $0.03 on Tuesday, hitting $7.05. The company had a trading volume of 3,269,694 shares, compared to its average volume of 3,508,358. Lithium Americas has a 1 year low of $3.81 and a 1 year high of $12.38. The stock has a 50 day moving average of $5.20 and a 200-day moving average of $7.24.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Equities analysts anticipate that Lithium Americas will post -0.16 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.