Lithium Americas Corp. (NYSE:LAC) Receives $11.46 Average Price Target from Analysts

Lithium Americas Corp. (NYSE:LAC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.46.

A number of research analysts recently issued reports on LAC shares. JPMorgan Chase & Co. raised their price objective on shares of Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a report on Monday, March 18th. Eight Capital cut their price target on shares of Lithium Americas from $13.50 to $10.00 and set a "buy" rating on the stock in a report on Tuesday, May 14th. Scotiabank downgraded Lithium Americas from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $15.00 to $7.00 in a report on Monday, March 18th. Evercore ISI cut their price target on shares of Lithium Americas from $13.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, March 15th. Finally, HSBC lowered their price objective on shares of Lithium Americas from $6.50 to $5.10 and set a "hold" rating for the company in a research note on Friday, April 19th.

Institutional Trading of Lithium Americas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAC. Sigma Planning Corp bought a new stake in Lithium Americas in the 3rd quarter worth about $187,000. Quantbot Technologies LP purchased a new position in shares of Lithium Americas during the 3rd quarter valued at $261,000. Avantax Advisory Services Inc. lifted its holdings in Lithium Americas by 22.0% during the third quarter. Avantax Advisory Services Inc. now owns 31,850 shares of the company's stock valued at $542,000 after purchasing an additional 5,741 shares during the last quarter. Swiss National Bank boosted its position in Lithium Americas by 6.3% during the third quarter. Swiss National Bank now owns 230,100 shares of the company's stock worth $3,943,000 after purchasing an additional 13,600 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Lithium Americas by 59.2% in the third quarter. D.A. Davidson & CO. now owns 25,865 shares of the company's stock worth $440,000 after purchasing an additional 9,615 shares in the last quarter.

Lithium Americas Stock Down 4.6 %

Shares of NYSE:LAC traded down $0.20 during trading on Wednesday, hitting $4.06. 6,319,245 shares of the company were exchanged, compared to its average volume of 4,139,695. Lithium Americas has a 1-year low of $3.81 and a 1-year high of $12.38. The business's 50 day moving average is $5.60 and its 200-day moving average is $5.69.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). On average, equities analysts predict that Lithium Americas will post -0.11 EPS 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.