Brokerages Set Lithium Americas Corp. (NYSE:LAC) PT at $11.46

Shares of Lithium Americas Corp. (NYSE:LAC) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.46.

A number of brokerages have issued reports on LAC. HSBC cut their price target on Lithium Americas from $6.50 to $5.10 and set a “hold” rating for the company in a research note on Friday, April 19th. National Bank Financial raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Finally, Eight Capital dropped their price objective on shares of Lithium Americas from $13.50 to $10.00 and set a “buy” rating for the company in a report on Tuesday, May 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new position in shares of Lithium Americas in the 1st quarter valued at about $25,000. Mather Group LLC. bought a new position in shares of Lithium Americas in the 1st quarter valued at about $26,000. Allworth Financial LP bought a new position in shares of Lithium Americas in the 4th quarter valued at about $37,000. Quent Capital LLC purchased a new stake in Lithium Americas in the 1st quarter worth about $48,000. Finally, Headlands Technologies LLC raised its position in Lithium Americas by 2,332.3% in the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company’s stock worth $52,000 after purchasing an additional 7,370 shares during the period.

Lithium Americas Trading Down 5.9 %

Shares of LAC stock opened at $3.02 on Thursday. Lithium Americas has a 52-week low of $2.49 and a 52-week high of $12.38. The stock has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $4.62.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). As a group, research analysts anticipate that Lithium Americas will post -0.1 earnings per share for the current year.

About Lithium Americas

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.