Lithium Americas Corp. (NYSE:LAC) Receives $4.80 Consensus Price Target from Analysts

Lithium Americas Corp. (NYSE:LAC) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $4.80.

A number of brokerages have commented on LAC. Wedbush assumed coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price target on the stock. Cormark upgraded Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Finally, Piper Sandler lowered their target price on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Lithium Americas

Hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP grew its position in Lithium Americas by 71.7% in the 3rd quarter. Centiva Capital LP now owns 231,946 shares of the company’s stock valued at $626,000 after purchasing an additional 96,896 shares during the period. HighTower Advisors LLC lifted its stake in shares of Lithium Americas by 13.4% in the third quarter. HighTower Advisors LLC now owns 50,473 shares of the company’s stock valued at $138,000 after buying an additional 5,952 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of Lithium Americas during the third quarter valued at about $787,000. National Bank of Canada FI increased its position in shares of Lithium Americas by 13.2% during the third quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock worth $100,000 after acquiring an additional 4,340 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Lithium Americas in the 3rd quarter worth about $133,000.

Lithium Americas Stock Performance

Lithium Americas stock opened at $3.04 on Tuesday. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $7.71. The firm has a 50 day moving average price of $3.01 and a two-hundred day moving average price of $3.15. The firm has a market cap of $669.78 million, a price-to-earnings ratio of -25.29 and a beta of 1.77.

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.