Revisor Wealth Management LLC Purchases 202,594 Shares of Lithium Americas Corp. $LAC

Revisor Wealth Management LLC increased its stake in Lithium Americas Corp. (NYSE:LAC) by 123.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 366,418 shares of the company’s stock after purchasing an additional 202,594 shares during the period. Revisor Wealth Management LLC owned approximately 0.12% of Lithium Americas worth $1,598,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of LAC. Quarry LP bought a new position in shares of Lithium Americas in the third quarter worth $28,000. Walleye Capital LLC bought a new position in shares of Lithium Americas in the second quarter worth $28,000. IHT Wealth Management LLC bought a new position in shares of Lithium Americas in the second quarter worth $28,000. Heck Capital Advisors LLC bought a new position in shares of Lithium Americas in the fourth quarter worth $51,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Lithium Americas in the second quarter worth $51,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LAC. Scotiabank decreased their price target on Lithium Americas from $7.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Monday, April 6th. TD Securities upgraded Lithium Americas to a “hold” rating in a research report on Monday, February 9th. Wall Street Zen upgraded Lithium Americas from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Jefferies Financial Group restated a “buy” rating on shares of Lithium Americas in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lithium Americas in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.71.

Lithium Americas Stock Performance

NYSE:LAC opened at $4.84 on Monday. The stock’s 50-day simple moving average is $4.44 and its 200 day simple moving average is $5.23. The firm has a market capitalization of $1.68 billion, a PE ratio of -10.52 and a beta of 1.81. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.50. Lithium Americas Corp. has a twelve month low of $2.47 and a twelve month high of $10.52.

Lithium Americas (NYSE:LAC) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.33). On average, analysts anticipate that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.

About Lithium Americas

Lithium Americas Corp. is a Vancouver‐based resource company focused on the development of lithium projects to support the global transition to electric vehicles and renewable energy storage. The company specializes in advancing lithium brine and claystone assets through feasibility studies, environmental permitting and engineering design. Its technical teams work to produce high‐purity lithium chemicals, including lithium carbonate and lithium hydroxide, for battery manufacturers worldwide.

Lithium Americas’ two flagship projects are the Cauchari‐Olaroz lithium brine operation in Jujuy Province, Argentina—developed in partnership with Ganfeng Lithium—and the Thacker Pass lithium clay deposit in northern Nevada, United States.