Lithium Americas Corp. (NYSE:LAC) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC raised its position in Lithium Americas Corp. (NYSE:LACFree Report) by 37.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,073 shares of the company’s stock after buying an additional 14,101 shares during the quarter. Mutual Advisors LLC’s holdings in Lithium Americas were worth $333,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Lithium Americas by 725.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 825 shares of the company’s stock valued at $32,000 after buying an additional 725 shares during the period. CWM LLC boosted its position in shares of Lithium Americas by 140.6% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $40,000 after purchasing an additional 1,360 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Lithium Americas during the 1st quarter worth $42,000. Operose Advisors LLC purchased a new stake in shares of Lithium Americas during the 3rd quarter worth $44,000. Finally, Captrust Financial Advisors boosted its position in shares of Lithium Americas by 224.9% during the 1st quarter. Captrust Financial Advisors now owns 1,212 shares of the company’s stock worth $47,000 after purchasing an additional 839 shares in the last quarter.

Wall Street Analyst Weigh In

LAC has been the topic of several research analyst reports. Evercore ISI decreased their target price on shares of Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Scotiabank lowered shares of Lithium Americas from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $15.00 to $7.00 in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lithium Americas from $5.50 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.94.

Get Our Latest Report on Lithium Americas

Lithium Americas Stock Performance

NYSE:LAC opened at $6.72 on Friday. The company’s 50-day moving average is $5.10 and its two-hundred day moving average is $7.59. Lithium Americas Corp. has a 12-month low of $3.81 and a 12-month high of $12.38.

Lithium Americas (NYSE:LACGet Free Report) last released its earnings results on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Analysts forecast that Lithium Americas Corp. will post -0.16 earnings per share for the current fiscal year.

Lithium Americas Profile

(Free Report)

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. The company was incorporated in 2023 and is headquartered in Vancouver, Canada.

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Institutional Ownership by Quarter for Lithium Americas (NYSE:LAC)

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