Lithium Americas (NYSE:LAC) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Lithium Americas (NYSE:LACGet Rating) in a research note released on Tuesday, MarketBeat Ratings reports. Piper Sandler currently has a $38.00 price target on the stock.

LAC has been the topic of a number of other research reports. Canaccord Genuity Group cut their price objective on shares of Lithium Americas from C$50.00 to C$49.00 and set a buy rating on the stock in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lithium Americas from $36.00 to $33.00 in a report on Wednesday, July 6th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Lithium Americas currently has a consensus rating of Moderate Buy and an average price target of $40.91.

Lithium Americas Stock Performance

Shares of LAC stock opened at $29.00 on Tuesday. The company has a 50 day moving average price of $27.25 and a 200-day moving average price of $26.54. Lithium Americas has a 52 week low of $18.89 and a 52 week high of $41.56. The firm has a market capitalization of $3.90 billion, a PE ratio of -53.74 and a beta of 1.52. The company has a quick ratio of 44.14, a current ratio of 44.14 and a debt-to-equity ratio of 0.26.

Lithium Americas (NYSE:LACGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. As a group, equities research analysts expect that Lithium Americas will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Lithium Americas

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in Lithium Americas during the first quarter worth $44,000. Fiduciary Trust Co. acquired a new stake in shares of Lithium Americas during the fourth quarter valued at $255,000. Blueshift Asset Management LLC acquired a new stake in shares of Lithium Americas during the first quarter valued at $693,000. Miracle Mile Advisors LLC acquired a new stake in shares of Lithium Americas during the first quarter valued at $221,000. Finally, Clear Sky Advisers LLC acquired a new stake in shares of Lithium Americas during the first quarter valued at $246,000. 23.73% of the stock is owned by institutional investors and hedge funds.

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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