Reaves W H & Co. Inc. Purchases 840,000 Shares of Lithium Americas Corp. $LAC

Posted by Brenda Bartman on Jun 1st, 2026

Reaves W H & Co. Inc. boosted its position in Lithium Americas Corp. (NYSE:LAC – Free Report) by 420.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,040,000 shares of the company’s stock after acquiring an additional 840,000 shares during the quarter. Reaves W H & Co. Inc. owned 0.34% of Lithium Americas worth $4,534,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LAC. Van ECK Associates Corp increased its stake in Lithium Americas by 158.1% in the third quarter. Van ECK Associates Corp now owns 14,479,615 shares of the company’s stock valued at $82,679,000 after acquiring an additional 8,868,971 shares during the last quarter. Millennium Management LLC increased its stake in Lithium Americas by 1,188.3% in the third quarter. Millennium Management LLC now owns 3,307,103 shares of the company’s stock valued at $18,885,000 after acquiring an additional 3,050,405 shares during the last quarter. Legal & General Group Plc increased its stake in Lithium Americas by 212.7% in the fourth quarter. Legal & General Group Plc now owns 3,062,306 shares of the company’s stock valued at $13,349,000 after acquiring an additional 2,082,891 shares during the last quarter. Old West Investment Management LLC bought a new position in Lithium Americas in the third quarter valued at approximately $7,647,000. Finally, Kailix Advisors LLC bought a new position in Lithium Americas in the fourth quarter valued at approximately $5,123,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lithium Americas in a research note on Monday, April 27th. Scotia decreased their target price on shares of Lithium Americas from $5.00 to $4.50 and set a “sector perform” rating on the stock in a research note on Monday, May 25th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Lithium Americas in a research note on Monday, February 23rd. Wedbush began coverage on shares of Lithium Americas in a research note on Monday, April 20th. They set a “neutral” rating and a $8.00 target price on the stock. Finally, Wall Street Zen raised shares of Lithium Americas from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.56.

Read Our Latest Research Report on LAC

Lithium Americas Stock Performance

NYSE LAC opened at $5.22 on Monday. The firm’s fifty day moving average price is $4.69 and its two-hundred day moving average price is $4.91. The stock has a market cap of $1.83 billion, a PE ratio of -12.74 and a beta of 2.32. Lithium Americas Corp. has a fifty-two week low of $2.47 and a fifty-two week high of $10.52. The company has a debt-to-equity ratio of 0.65, a quick ratio of 7.36 and a current ratio of 7.36.

Lithium Americas (NYSE:LAC – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.07. On average, equities analysts expect that Lithium Americas Corp. will post -0.14 EPS for the current fiscal year.

Lithium Americas Company Profile

(Free Report)

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.