TD Asset Management Inc Boosts Position in Lithium Americas Corp. (NYSE:LAC)

TD Asset Management Inc grew its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,483 shares of the company’s stock after buying an additional 21,759 shares during the period. TD Asset Management Inc owned 0.06% of Lithium Americas worth $374,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LAC. General Motors Holdings LLC increased its stake in shares of Lithium Americas by 100.0% during the fourth quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company’s stock valued at $190,829,000 after buying an additional 15,002,245 shares during the period. Van ECK Associates Corp grew its stake in Lithium Americas by 69.8% in the second quarter. Van ECK Associates Corp now owns 3,953,127 shares of the company’s stock worth $10,591,000 after purchasing an additional 1,625,149 shares during the period. Wolverine Asset Management LLC grew its stake in Lithium Americas by 69.3% in the second quarter. Wolverine Asset Management LLC now owns 268,622 shares of the company’s stock worth $720,000 after purchasing an additional 110,000 shares during the period. Brown Advisory Inc. purchased a new stake in Lithium Americas in the fourth quarter worth $644,000. Finally, Tidal Investments LLC grew its stake in Lithium Americas by 51.9% in the first quarter. Tidal Investments LLC now owns 253,303 shares of the company’s stock worth $1,705,000 after purchasing an additional 86,570 shares during the period.

Lithium Americas Price Performance

LAC stock opened at $2.39 on Monday. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $12.38. The business’s 50-day moving average is $2.55 and its two-hundred day moving average is $3.92.

Lithium Americas (NYSE:LAC) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Equities research analysts forecast that Lithium Americas Corp. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler assumed coverage on Lithium Americas in a research note on Monday, July 29th. They issued a “neutral” rating and a $3.90 price target on the stock. B. Riley reduced their price target on Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. National Bank Financial raised Lithium Americas to a “hold” rating in a research note on Wednesday, June 5th. Scotiabank cut their target price on Lithium Americas from $5.50 to $3.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Lithium Americas from $3.00 to $2.50 and set a “hold” rating on the stock in a research note on Friday, August 16th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Lithium Americas currently has an average rating of “Moderate Buy” and a consensus price target of $6.61.

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.