Lithium Americas Corp. (NYSE:LAC) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twelve ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $12.18.

LAC has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. HSBC decreased their price objective on Lithium Americas from $6.50 to $5.10 and set a "hold" rating for the company in a report on Friday, April 19th. Evercore ISI decreased their price objective on Lithium Americas from $13.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, March 15th. Finally, Scotiabank lowered Lithium Americas from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $15.00 to $7.00 in a report on Monday, March 18th.

Lithium Americas Price Performance

NYSE:LAC traded up $0.20 during trading hours on Friday, hitting $4.62. 5,356,235 shares of the company traded hands, compared to its average volume of 5,398,631. The firm's 50-day simple moving average is $5.78 and its 200-day simple moving average is $6.08. Lithium Americas has a one year low of $3.81 and a one year high of $12.38.

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, meeting the consensus estimate of ($0.08). As a group, analysts forecast that Lithium Americas will post -0.14 EPS for the current fiscal year.

Institutional Trading of Lithium Americas

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Lithium Americas by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,534,140 shares of the company's stock valued at $60,116,000 after acquiring an additional 39,419 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in Lithium Americas by 3.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 60,551 shares of the company's stock worth $368,000 after buying an additional 2,126 shares during the last quarter. LPL Financial LLC lifted its position in Lithium Americas by 82.6% in the 3rd quarter. LPL Financial LLC now owns 223,701 shares of the company's stock worth $3,805,000 after buying an additional 101,174 shares during the last quarter. Allworth Financial LP bought a new stake in Lithium Americas in the 4th quarter worth approximately $37,000. Finally, Mutual Advisors LLC lifted its position in Lithium Americas by 37.1% in the 4th quarter. Mutual Advisors LLC now owns 52,073 shares of the company's stock worth $333,000 after buying an additional 14,101 shares during the last quarter.

About Lithium Americas

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.