Analysts Set Lithium Americas Corp. (NYSE:LAC) Target Price at $12.18

Shares of Lithium Americas Corp. (NYSE:LAC) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.18.

LAC has been the topic of several research analyst reports. Scotiabank cut Lithium Americas from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $15.00 to $7.00 in a research report on Monday, March 18th. JPMorgan Chase & Co. lifted their price target on Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Evercore ISI decreased their target price on Lithium Americas from $13.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Finally, HSBC cut their price target on Lithium Americas from $6.50 to $5.10 and set a “hold” rating for the company in a report on Friday, April 19th.

Institutional Trading of Lithium Americas

Several large investors have recently added to or reduced their stakes in the company. General Motors Holdings LLC grew its stake in shares of Lithium Americas by 100.0% during the fourth quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company’s stock valued at $190,829,000 after purchasing an additional 15,002,245 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Lithium Americas by 24.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,345,908 shares of the company’s stock valued at $15,122,000 after acquiring an additional 461,635 shares in the last quarter. Van ECK Associates Corp raised its position in Lithium Americas by 22.2% in the 4th quarter. Van ECK Associates Corp now owns 2,033,397 shares of the company’s stock valued at $13,015,000 after buying an additional 369,879 shares during the last quarter. Panview Asian Equity Master Fund acquired a new position in Lithium Americas during the fourth quarter worth $1,911,000. Finally, Aquila Investment Management LLC increased its position in shares of Lithium Americas by 89.9% in the first quarter. Aquila Investment Management LLC now owns 600,000 shares of the company’s stock valued at $4,032,000 after acquiring an additional 284,000 shares during the last quarter.

Lithium Americas Stock Performance

Shares of LAC stock opened at $4.57 on Friday. Lithium Americas has a 52 week low of $3.81 and a 52 week high of $12.38. The business has a 50 day moving average of $5.78 and a two-hundred day moving average of $6.02.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). On average, research analysts forecast that Lithium Americas will post -0.15 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.