Shares of Lithium Americas Corp. (NYSE:LAC - Get Free Report) were down 5.4% on Tuesday . The company traded as low as $6.41 and last traded at $6.44. Approximately 1,218,826 shares were traded during trading, a decline of 65% from the average daily volume of 3,439,639 shares. The stock had previously closed at $6.81.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on LAC shares. Evercore ISI decreased their target price on Lithium Americas from $13.00 to $9.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. Scotiabank lowered Lithium Americas from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $15.00 to $7.00 in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. boosted their price target on Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Lithium Americas presently has an average rating of "Moderate Buy" and a consensus target price of $14.94.
Read Our Latest Stock Report on LAC
Lithium Americas Trading Down 4.7 %
The business has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $6.47.
Lithium Americas (NYSE:LAC - Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). On average, sell-side analysts anticipate that Lithium Americas Corp. will post -0.15 earnings per share for the current year.
Hedge Funds Weigh In On Lithium Americas
Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Lithium Americas by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,534,140 shares of the company's stock worth $60,116,000 after purchasing an additional 39,419 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings 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 purchasing an additional 2,126 shares in the last quarter. LPL Financial LLC increased its stake in shares of Lithium Americas by 82.6% in the third quarter. LPL Financial LLC now owns 223,701 shares of the company's stock valued at $3,805,000 after buying an additional 101,174 shares during the period. Allworth Financial LP acquired a new stake in shares of Lithium Americas in the fourth quarter valued at about $37,000. Finally, Mutual Advisors LLC increased its stake in shares of Lithium Americas by 37.1% in the fourth quarter. Mutual Advisors LLC now owns 52,073 shares of the company's stock valued at $333,000 after buying an additional 14,101 shares during the period.
Lithium Americas Company Profile
(
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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