Analysts Set Lithium Americas Corp. (NYSE:LAC) PT at $5.44

Lithium Americas Corp. (NYSE:LACGet Free Report) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.4444.

LAC has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on Lithium Americas in a research note on Wednesday, July 1st. They set a “neutral” rating and a $4.50 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lithium Americas in a report on Friday, July 24th. Scotiabank reduced their price objective on shares of Lithium Americas from $7.00 to $5.00 and set a “sector perform” rating for the company in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Lithium Americas from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Wedbush assumed 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.

View Our Latest Analysis on Lithium Americas

Hedge Funds Weigh In On Lithium Americas

Institutional investors have recently made changes to their positions in the stock. Kailix Advisors LLC bought a new position in Lithium Americas in the fourth quarter worth approximately $5,123,000. Revisor Wealth Management LLC increased its holdings in shares of Lithium Americas by 123.7% during the fourth quarter. Revisor Wealth Management LLC now owns 366,418 shares of the company’s stock valued at $1,598,000 after acquiring an additional 202,594 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Lithium Americas by 212.7% during 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 in the last quarter. Credit Industriel ET Commercial bought a new stake in shares of Lithium Americas during the first quarter valued at approximately $908,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Lithium Americas by 510.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,234 shares of the company’s stock worth $619,000 after purchasing an additional 118,922 shares during the period.

Lithium Americas Stock Performance

LAC stock opened at $2.87 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of -6.99 and a beta of 2.47. The company has a current ratio of 7.36, a quick ratio of 7.36 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $3.94 and a 200-day moving average price of $4.53. Lithium Americas has a 1-year low of $2.47 and a 1-year high of $10.52.

Lithium Americas Company Profile

(Get 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.

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Analyst Recommendations for Lithium Americas (NYSE:LAC)

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