Nuveen LLC Invests $504,000 in Lithium Americas Corp. $LAC

Nuveen LLC acquired a new position in shares of Lithium Americas Corp. (NYSE:LAC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 186,420 shares of the company’s stock, valued at approximately $504,000. Nuveen LLC owned approximately 0.09% of Lithium Americas as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cacti Asset Management LLC purchased a new position in Lithium Americas during the first quarter worth about $27,000. Members Wealth LLC acquired a new stake in Lithium Americas during the first quarter worth approximately $27,000. Ping Capital Management Inc. acquired a new position in shares of Lithium Americas in the 1st quarter valued at $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Lithium Americas in the 1st quarter valued at $27,000. Finally, Mariner LLC purchased a new stake in Lithium Americas during the 4th quarter valued at approximately $31,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. National Bankshares cut shares of Lithium Americas from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 16th. Wedbush reissued a “neutral” rating and issued a $5.00 price objective on shares of Lithium Americas in a research note on Friday, May 16th. Cormark upgraded Lithium Americas to a “moderate buy” rating in a report on Wednesday, August 20th. Finally, National Bank Financial lowered shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Friday, May 16th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.15.

Lithium Americas Stock Performance

Shares of NYSE LAC opened at $2.80 on Friday. The company has a market cap of $675.44 million, a PE ratio of -12.15 and a beta of 0.70. The stock has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $2.82. Lithium Americas Corp. has a 12-month low of $2.11 and a 12-month high of $5.20. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 0.33.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). On average, equities research analysts forecast that Lithium Americas Corp. will post -0.12 EPS for the current year.

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.