Lithium Americas (LAC) – Research Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Lithium Americas (NYSE: LAC):

  • 10/8/2021 – Lithium Americas had its price target raised by analysts at Piper Sandler from $20.00 to $22.00. They now have a “neutral” rating on the stock.
  • 10/4/2021 – Lithium Americas had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $22.00 to $25.00. They now have a “buy” rating on the stock.
  • 10/1/2021 – Lithium Americas is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $20.00 price target on the stock.
  • 9/30/2021 – Lithium Americas is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $28.00 price target on the stock.
  • 9/29/2021 – Lithium Americas was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lithium Americas Corp. owns Lithium Nevada and RheoMinerals Inc., a supplier of rheology modifiers for oilbased drilling fluids, coatings and specialty chemicals. Lithium Americas Corp. is based in Vancouver, Canada. “
  • 8/30/2021 – Lithium Americas had its price target raised by analysts at Cowen Inc from $17.00 to $19.00. They now have an “outperform” rating on the stock.
  • 8/18/2021 – Lithium Americas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lithium Americas Corp. owns Lithium Nevada and RheoMinerals Inc., a supplier of rheology modifiers for oilbased drilling fluids, coatings and specialty chemicals. Lithium Americas Corp. is based in Vancouver, Canada. “

Shares of NYSE:LAC traded down $0.53 on Thursday, hitting $25.10. The company had a trading volume of 307,156 shares, compared to its average volume of 4,686,400. Lithium Americas Corp. has a 1-year low of $8.95 and a 1-year high of $28.75. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -59.76 and a beta of 1.25. The stock has a 50 day moving average price of $20.18 and a 200 day moving average price of $16.33. The company has a current ratio of 56.73, a quick ratio of 56.73 and a debt-to-equity ratio of 0.28.

Lithium Americas (NYSE:LAC) last released its quarterly earnings results on Wednesday, August 4th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.09). Sell-side analysts anticipate that Lithium Americas Corp. will post -0.41 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in LAC. Van ECK Associates Corp grew its stake in shares of Lithium Americas by 41.9% in the first quarter. Van ECK Associates Corp now owns 1,782,268 shares of the company’s stock valued at $28,641,000 after acquiring an additional 526,445 shares in the last quarter. Royal Bank of Canada grew its stake in Lithium Americas by 3,594.5% during the second quarter. Royal Bank of Canada now owns 472,492 shares of the company’s stock worth $7,012,000 after buying an additional 459,703 shares in the last quarter. Millennium Management LLC grew its stake in Lithium Americas by 1,184.6% during the first quarter. Millennium Management LLC now owns 394,951 shares of the company’s stock worth $6,347,000 after buying an additional 364,207 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Lithium Americas during the first quarter worth about $5,623,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Lithium Americas during the second quarter worth about $4,385,000. Institutional investors and hedge funds own 13.55% of the company’s stock.

Lithium Americas Corp. is a resource company, which engages in lithium development projects. Its projects include: Thacker Pass and Caucharí-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.

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