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

Lithium Americas Corp. (NYSE:LAC) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.18.

LAC has been the subject of several recent research reports. Scotiabank downgraded Lithium Americas from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $15.00 to $7.00 in a report on Monday, March 18th. JPMorgan Chase & Co. boosted their price objective on Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Evercore ISI decreased their price objective on Lithium Americas from $13.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Finally, HSBC decreased their price objective on Lithium Americas from $6.50 to $5.10 and set a “hold” rating for the company in a report on Friday, April 19th.

Lithium Americas Stock Performance

Shares of LAC opened at $4.62 on Friday. Lithium Americas has a 1 year low of $3.81 and a 1 year high of $12.38. The business has a 50-day moving average of $5.78 and a 200-day moving average of $6.11.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). Sell-side analysts predict that Lithium Americas will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CWM LLC grew its stake in shares of Lithium Americas by 140.6% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $40,000 after acquiring an additional 1,360 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Lithium Americas by 3.6% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 60,551 shares of the company’s stock worth $368,000 after buying an additional 2,126 shares during the period. PNC Financial Services Group Inc. raised its stake in Lithium Americas by 71.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,275 shares of the company’s stock valued at $90,000 after purchasing an additional 2,201 shares during the last quarter. Csenge Advisory Group raised its stake in Lithium Americas by 13.1% in the 3rd quarter. Csenge Advisory Group now owns 20,254 shares of the company’s stock valued at $345,000 after purchasing an additional 2,345 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in Lithium Americas in the 3rd quarter valued at $44,000.

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.