Shares of Lithium Americas Corp. (NYSE:LAC – Get Rating) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $41.18.
Several analysts have issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Lithium Americas from C$50.00 to C$49.00 and set a "buy" rating for the company in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lithium Americas from $36.00 to $33.00 in a research note on Wednesday, July 6th.
Get Lithium Americas alerts:Hedge Funds Weigh In On Lithium Americas
Several institutional investors have recently bought and sold shares of LAC. MCF Advisors LLC purchased a new position in Lithium Americas in the first quarter worth $44,000. Fiduciary Trust Co. purchased a new position in Lithium Americas in the fourth quarter worth $255,000. Miracle Mile Advisors LLC purchased a new position in Lithium Americas in the first quarter worth $221,000. Mercer Global Advisors Inc. ADV grew its holdings in Lithium Americas by 65.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,627 shares of the company's stock worth $834,000 after purchasing an additional 11,327 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Lithium Americas in the fourth quarter worth $11,503,000. 17.87% of the stock is owned by hedge funds and other institutional investors.
Lithium Americas Trading Up 5.0 %
LAC opened at $29.51 on Thursday. The firm has a market cap of $3.97 billion, a P/E ratio of -54.65 and a beta of 1.57. Lithium Americas has a 12 month low of $14.94 and a 12 month high of $41.56. The company has a current ratio of 44.14, a quick ratio of 44.14 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $22.73 and a 200 day moving average of $26.02.Lithium Americas (NYSE:LAC – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. As a group, research analysts forecast that Lithium Americas will post -0.4 EPS for the current year.
About Lithium Americas
(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.
Featured Articles
- Get a free copy of the StockNews.com research report on Lithium Americas (LAC)
- Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
- The 2 Dow Stocks with Decade-Long Win Streaks on the Line
- Could Rite Aid Be an Acquisition Target, Again?
- The How And Why of Investing in Oil Stocks
- The How and Why of Investing in Gold Stocks
Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with MarketBeat.com's FREE daily email newsletter.