Lithium Americas Corp. (NYSE:LAC) Given Average Recommendation of “Buy” by Analysts

Shares of Lithium Americas Corp. (NYSE:LACGet Rating) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $39.25.

LAC has been the topic of a number of research analyst reports. TD Securities increased their target price on Lithium Americas from C$35.00 to C$40.00 in a report on Friday, October 28th. Piper Sandler restated an “overweight” rating and issued a $38.00 target price on shares of Lithium Americas in a research report on Tuesday, September 20th. B. Riley restated a “buy” rating on shares of Lithium Americas in a research report on Friday, November 4th. Evercore ISI began coverage on Lithium Americas in a research report on Wednesday. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Lithium Americas from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, October 4th.

Hedge Funds Weigh In On Lithium Americas

A number of institutional investors have recently made changes to their positions in the business. MCF Advisors LLC acquired a new stake in Lithium Americas during the first quarter valued at approximately $44,000. Private Advisor Group LLC raised its position in Lithium Americas by 200.7% in the 2nd quarter. Private Advisor Group LLC now owns 16,246 shares of the company’s stock worth $327,000 after purchasing an additional 10,844 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Lithium Americas during the 1st quarter valued at $693,000. Clear Sky Advisers LLC bought a new stake in shares of Lithium Americas during the 1st quarter valued at $246,000. Finally, Friess Associates LLC bought a new stake in shares of Lithium Americas during the 1st quarter valued at $2,648,000. 23.73% of the stock is currently owned by institutional investors.

Lithium Americas Trading Down 0.3 %

Shares of LAC opened at $25.04 on Friday. The company has a market capitalization of $3.38 billion, a P/E ratio of -35.77 and a beta of 1.41. Lithium Americas has a one year low of $18.89 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 52.06 and a current ratio of 52.06. The stock has a 50-day moving average price of $26.30 and a 200 day moving average price of $25.28.

Lithium Americas Company Profile

(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.

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Analyst Recommendations for Lithium Americas (NYSE:LAC)

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