Lithium Americas Corp. (NYSE:LAC) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Lithium Americas Corp. (NYSE:LAC - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,345,908 shares of the company's stock after purchasing an additional 461,635 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.46% of Lithium Americas worth $15,122,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LAC. PNC Financial Services Group Inc. increased its stake in Lithium Americas by 725.0% in the first quarter. PNC Financial Services Group Inc. now owns 825 shares of the company's stock valued at $32,000 after purchasing an additional 725 shares during the period. Allworth Financial LP acquired a new position in Lithium Americas in the fourth quarter valued at $37,000. CWM LLC increased its stake in shares of Lithium Americas by 140.6% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $40,000 after acquiring an additional 1,360 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Lithium Americas during the first quarter worth about $42,000. Finally, Operose Advisors LLC acquired a new position in shares of Lithium Americas during the third quarter worth about $44,000.

Analysts Set New Price Targets

LAC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Lithium Americas from $5.50 to $7.00 and gave the stock a "neutral" rating in a research note on Monday, March 18th. Evercore ISI dropped 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 note on Friday, March 15th. Finally, Scotiabank lowered shares of Lithium Americas from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $15.00 to $7.00 in a research note on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.94.

Lithium Americas Stock Up 2.1 %

LAC stock traded up $0.15 during trading on Thursday, reaching $7.34. 3,105,604 shares of the company were exchanged, compared to its average volume of 3,472,825. Lithium Americas Corp. has a 52-week low of $3.81 and a 52-week high of $12.38. The stock's 50 day moving average price is $5.53 and its 200 day moving average price is $6.83.

Lithium Americas (NYSE:LAC - Get Free Report) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.08) EPS for the quarter, hitting analysts' consensus estimates of ($0.08). On average, research analysts expect that Lithium Americas Corp. will post -0.16 earnings per share for the current fiscal year.

Lithium Americas 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.