Vanguard Personalized Indexing Management LLC Invests $32,000 in Lithium Americas Corp. (NYSE:LAC)

Vanguard Personalized Indexing Management LLC bought a new stake in Lithium Americas Corp. (NYSE:LAC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,195 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Lithium Americas during the 1st quarter worth approximately $25,000. Mather Group LLC. acquired a new stake in shares of Lithium Americas during the first quarter worth $26,000. International Assets Investment Management LLC bought a new stake in shares of Lithium Americas in the second quarter valued at about $30,000. Wedbush Securities Inc. acquired a new position in shares of Lithium Americas in the second quarter valued at about $32,000. Finally, Johnson Investment Counsel Inc. bought a new position in Lithium Americas during the second quarter worth about $37,000.

Lithium Americas Stock Down 4.6 %

Shares of LAC opened at $2.58 on Wednesday. The stock’s 50-day moving average price is $2.47 and its two-hundred day moving average price is $3.66. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $12.38.

Lithium Americas (NYSE:LAC) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, research analysts anticipate that Lithium Americas Corp. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LAC. Scotiabank dropped their price target on shares of Lithium Americas from $5.50 to $3.00 and set a “sector perform” rating for the company in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft cut their target price on Lithium Americas from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Friday, August 16th. B. Riley decreased their price target on Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Piper Sandler initiated coverage on shares of Lithium Americas in a research report on Monday, July 29th. They set a “neutral” rating and a $3.90 price objective for the company. Finally, National Bank Financial raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Six 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.61.

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.