Brokerages Set Lithium Americas Corp. (NYSE:LAC) Price Target at $4.80

Lithium Americas Corp. (NYSE:LAC) has earned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.80.

A number of research firms recently weighed in on LAC. Wedbush began coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Piper Sandler reduced their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sage Investment Counsel LLC bought a new stake in shares of Lithium Americas during the 4th quarter worth $30,000. Allworth Financial LP lifted its holdings in shares of Lithium Americas by 99.4% during the 4th quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock worth $31,000 after acquiring an additional 4,893 shares during the last quarter. Mariner LLC bought a new stake in shares of Lithium Americas during the 4th quarter worth $31,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lithium Americas during the 4th quarter worth $34,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Lithium Americas during the 4th quarter worth $37,000.

Lithium Americas Trading Down 2.1 %

Lithium Americas stock opened at $2.97 on Tuesday. Lithium Americas has a 1-year low of $2.02 and a 1-year high of $7.71. The firm has a market capitalization of $654.33 million, a price-to-earnings ratio of -24.71 and a beta of 1.77. The firm has a 50 day simple moving average of $3.02 and a 200 day simple moving average of $3.14.

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.