Lithium Americas Corp. (NYSE:LAC – Get Free Report)’s stock price dropped 0.9% during mid-day trading on Tuesday . The stock traded as low as $4.10 and last traded at $4.19. Approximately 6,949,215 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 5,333,414 shares. The stock had previously closed at $4.23.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Piper Sandler initiated coverage on shares of Lithium Americas in a report on Monday, July 29th. They set a “neutral” rating and a $3.90 target price for the company. B. Riley lifted their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lithium Americas from $3.00 to $2.50 and set a “hold” rating for the company in a research note on Friday, August 16th. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, Scotiabank reduced their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.63.
Get Our Latest Stock Report on Lithium Americas
Lithium Americas Trading Down 3.1 %
Lithium Americas (NYSE:LAC – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). As a group, equities analysts expect that Lithium Americas Corp. will post -0.09 EPS for the current fiscal year.
Institutional Investors Weigh In On Lithium Americas
Several hedge funds and other institutional investors have recently modified their holdings of LAC. Fairscale Capital LLC bought a new position in Lithium Americas during the 2nd quarter worth $27,000. AE Wealth Management LLC acquired a new position in Lithium Americas in the 2nd quarter valued at approximately $27,000. Evergreen Capital Management LLC acquired a new position in Lithium Americas in the 2nd quarter worth about $27,000. Quent Capital LLC raised its stake in shares of Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Lithium Americas during the 2nd quarter valued at about $30,000.
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.
Featured Stories
- Five stocks we like better than Lithium Americas
- Investing In Automotive Stocks
- Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025
- Pros And Cons Of Monthly Dividend Stocks
- Is Tesla’s Valuation a Bubble or Backed by Real Growth?
- What Investors Need to Know About Upcoming IPOs
- Trucking Stocks Led the Pack Last Week: Can They Keep Rolling?
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.