According to Zacks, “Lithium Americas Corp. owns Lithium Nevada and RheoMinerals Inc., a supplier of rheology modifiers for oilbased drilling fluids, coatings and specialty chemicals. Lithium Americas Corp. is based in Vancouver, Canada. “
Other equities analysts also recently issued reports about the company. HSBC started coverage on Lithium Americas in a research note on Thursday, January 27th. They issued a buy rating and a $36.00 price target on the stock. Piper Sandler upgraded Lithium Americas from a neutral rating to an overweight rating and raised their price target for the stock from $32.00 to $41.00 in a research note on Tuesday, January 11th. Deutsche Bank Aktiengesellschaft raised their price target on Lithium Americas from $34.00 to $40.00 and gave the stock a buy rating in a research note on Tuesday, April 5th. Cowen upgraded Lithium Americas from a market perform rating to an outperform rating and raised their price target for the stock from $30.00 to $40.00 in a research note on Wednesday, January 12th. Finally, Stifel Nicolaus initiated coverage on Lithium Americas in a research note on Thursday, February 24th. They issued a buy rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Lithium Americas has a consensus rating of Buy and a consensus price target of $40.00.
Lithium Americas (NYSE:LAC – Get Rating) last posted its earnings results on Wednesday, March 16th. The company reported ($0.10) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.10). Analysts expect that Lithium Americas will post 0.11 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Harbour Capital Advisors LLC bought a new stake in Lithium Americas during the first quarter valued at about $294,000. DNB Asset Management AS bought a new stake in Lithium Americas during the first quarter valued at about $1,388,000. Winfield Associates Inc. bought a new stake in Lithium Americas during the first quarter valued at about $367,000. C2C Wealth Management LLC bought a new stake in Lithium Americas during the fourth quarter valued at about $1,121,000. Finally, NewEdge Advisors LLC bought a new stake in Lithium Americas during the fourth quarter valued at about $718,000. 15.68% of the stock is currently owned by institutional investors and hedge funds.
About Lithium Americas (Get Rating)
Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.
- Get a free copy of the StockNews.com research report on Lithium Americas (LAC)
- OrganiGram’s Turnaround Begins To Blossom
- Three Dividend Stocks With Growth Potential
- Exelon Stock Still Has Extraordinary Upside
- Ross Stores On The Verge Of Major Rally
- Greenbrier Companies Stock has Green in its Future
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.