Lithium Americas Corp. (NYSE:LAC) Stake Raised by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,033,397 shares of the company's stock after purchasing an additional 369,879 shares during the period. Van ECK Associates Corp owned approximately 1.27% of Lithium Americas worth $13,015,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LAC. CWM LLC grew its position in shares of Lithium Americas by 140.6% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $40,000 after purchasing an additional 1,360 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Lithium Americas by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 336,658 shares of the company's stock worth $5,727,000 after purchasing an additional 3,909 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Lithium Americas by 28.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 203,969 shares of the company's stock worth $3,470,000 after purchasing an additional 45,155 shares during the period. Independent Advisor Alliance purchased a new stake in shares of Lithium Americas during the third quarter worth about $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Lithium Americas by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,247 shares of the company's stock worth $619,000 after buying an additional 4,161 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 report on Friday, April 19th. Scotiabank lowered shares of Lithium Americas from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $15.00 to $7.00 in a report on Monday, March 18th. Evercore ISI lowered their target price on shares of Lithium Americas from $13.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their target price 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.18.

Lithium Americas Trading Up 3.2 %

NYSE:LAC traded up $0.14 during trading hours on Thursday, reaching $4.49. The company had a trading volume of 4,143,245 shares, compared to its average volume of 4,085,665. Lithium Americas Corp. has a 52 week low of $3.81 and a 52 week high of $12.38. The firm's 50 day moving average price is $5.79 and its 200-day moving average price is $5.97.

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 (EPS) for the quarter, meeting analysts' consensus estimates of ($0.08). Research analysts forecast that Lithium Americas Corp. will post -0.12 earnings per share for the current 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.