Lithium Americas Corp. (NYSE:LAC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Lithium Americas Corp. (NYSE:LAC) by 21.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,275 shares of the company’s stock after acquiring an additional 18,321 shares during the period. Geode Capital Management LLC’s holdings in Lithium Americas were worth $279,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LAC. Barclays PLC grew its stake in shares of Lithium Americas by 50.7% in the 3rd quarter. Barclays PLC now owns 115,208 shares of the company’s stock valued at $311,000 after buying an additional 38,781 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Lithium Americas during the 3rd quarter worth approximately $161,000. XTX Topco Ltd acquired a new stake in Lithium Americas during the 3rd quarter worth approximately $133,000. National Bank of Canada FI lifted its holdings in Lithium Americas by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock worth $100,000 after buying an additional 4,340 shares in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Lithium Americas in the 3rd quarter valued at $787,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LAC shares. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Scotiabank lowered their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock in a research report on Friday, October 18th. B. Riley lifted their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, Piper Sandler decreased their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.51.

Lithium Americas Price Performance

Shares of LAC opened at $3.21 on Tuesday. The firm’s 50 day moving average is $3.53 and its 200-day moving average is $3.02. The stock has a market capitalization of $708.40 million, a P/E ratio of -26.75 and a beta of 1.67. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $7.71.

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.