Lithium Americas Corp. $LAC Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Lithium Americas Corp. (NYSE:LAC) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,582 shares of the company’s stock after acquiring an additional 15,898 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.15% of Lithium Americas worth $874,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ping Capital Management Inc. acquired a new position in Lithium Americas in the 1st quarter valued at $27,000. Members Wealth LLC acquired a new position in 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 Lithium Americas in the 1st quarter valued at $27,000. Hartmann Taylor Wealth Management LLC acquired a new position in Lithium Americas in the 1st quarter valued at $33,000. Finally, Golden State Wealth Management LLC acquired a new position in Lithium Americas in the 1st quarter valued at $37,000.

Wall Street Analysts Forecast Growth

LAC has been the topic of several recent research reports. Cowen cut shares of Lithium Americas from a “buy” rating to a “hold” rating in a research note on Wednesday, September 24th. BMO Capital Markets boosted their price objective on shares of Lithium Americas from $3.50 to $5.00 and gave the company a “market perform” rating in a research note on Thursday. TD Cowen reaffirmed a “hold” rating and set a $5.00 price target on shares of Lithium Americas in a research note on Thursday, September 25th. TD Securities cut shares of Lithium Americas from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Thursday, September 25th. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Wednesday, August 20th. Three 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.08.

Lithium Americas Price Performance

Lithium Americas stock opened at $6.86 on Friday. Lithium Americas Corp. has a 52 week low of $2.31 and a 52 week high of $7.55. The company has a quick ratio of 9.88, a current ratio of 9.88 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $3.38 and its 200 day simple moving average is $3.01. The firm has a market capitalization of $1.66 billion, a PE ratio of -29.80 and a beta of 1.43.

Lithium Americas (NYSE:LAC) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). On average, equities research analysts predict that Lithium Americas Corp. will post -0.12 EPS for the current fiscal 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.