Lithium Americas Corp. (NYSE:LAC – Get Free Report) shares were down 1.7% during mid-day trading on Thursday . The stock traded as low as $3.71 and last traded at $3.7650. 9,385,671 shares were traded during mid-day trading, an increase of 11% from the average session volume of 8,483,982 shares. The stock had previously closed at $3.83.
Analysts Set New Price Targets
LAC has been the subject of a number of research reports. Scotiabank dropped their target price on shares of Lithium Americas from $7.00 to $5.00 and set a “sector perform” rating for the company in a report on Monday, April 6th. The Goldman Sachs Group began coverage on shares of Lithium Americas in a research note on Wednesday. They issued a “neutral” rating and a $4.50 price objective for the company. Scotia cut 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 report on Monday, May 25th. 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. Finally, Wedbush started coverage on shares of Lithium Americas in a report on Monday, April 20th. They set a “neutral” rating and a $8.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lithium Americas presently has an average rating of “Hold” and an average price target of $5.44.
Check Out Our Latest Analysis on Lithium Americas
Lithium Americas Stock Down 1.7%
Institutional Investors Weigh In On Lithium Americas
Several hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC grew its holdings in Lithium Americas by 15.1% during the 3rd quarter. Lido Advisors LLC now owns 16,643 shares of the company’s stock worth $95,000 after acquiring an additional 2,183 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Lithium Americas by 16.1% during the third quarter. Quadrant Capital Group LLC now owns 16,753 shares of the company’s stock valued at $96,000 after acquiring an additional 2,321 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Lithium Americas by 3.6% during the third quarter. Public Employees Retirement System of Ohio now owns 67,650 shares of the company’s stock worth $394,000 after purchasing an additional 2,356 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lithium Americas by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 322,301 shares of the company’s stock worth $1,405,000 after purchasing an additional 2,491 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in shares of Lithium Americas by 6.2% in the first quarter. Pictet Asset Management Holding SA now owns 43,277 shares of the company’s stock worth $171,000 after purchasing an additional 2,539 shares during the last quarter.
Lithium Americas Company Profile
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.
Read More
- Five stocks we like better than Lithium Americas
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with MarketBeat.com's FREE daily email newsletter.
