Lithium Americas Corp. (NYSE:LAC) Receives Average Rating of “Hold” from Analysts

Shares of Lithium Americas Corp. (NYSE:LAC) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.51.

A number of equities analysts have commented on LAC shares. B. Riley lifted their price objective on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wedbush initiated coverage on Lithium Americas in a research report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target for the company. Cormark raised Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, Piper Sandler decreased their price objective on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

Lithium Americas Stock Performance

LAC stock opened at $3.05 on Friday. The firm has a fifty day moving average price of $3.13 and a 200 day moving average price of $3.09. Lithium Americas has a fifty-two week low of $2.02 and a fifty-two week high of $7.71. The firm has a market cap of $671.99 million, a PE ratio of -25.38 and a beta of 1.68.

Institutional Investors Weigh In On Lithium Americas

A number of institutional investors and hedge funds have recently modified their holdings of LAC. Creative Planning increased its stake in Lithium Americas by 21.8% in the third quarter. Creative Planning now owns 33,276 shares of the company’s stock worth $90,000 after purchasing an additional 5,945 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Lithium Americas by 37.1% during the third quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock valued at $59,000 after purchasing an additional 5,930 shares during the period. Signaturefd LLC grew its holdings in shares of Lithium Americas by 1,450.5% in the third quarter. Signaturefd LLC now owns 30,995 shares of the company’s stock worth $84,000 after purchasing an additional 28,996 shares during the last quarter. International Assets Investment Management LLC increased its stake in Lithium Americas by 194.1% in the 3rd quarter. International Assets Investment Management LLC now owns 33,008 shares of the company’s stock worth $89,000 after buying an additional 21,783 shares during the period. Finally, Ballentine Partners LLC bought a new stake in Lithium Americas during the 3rd quarter valued at about $67,000.

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.