Shares of Lithium Americas Corp. (NYSE:LAC – Get Free Report) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.50.
LAC has been the topic of several recent research reports. B. Riley cut their target price on shares of Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Scotiabank lowered their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research note on Friday, October 18th. Piper Sandler assumed coverage on Lithium Americas in a research report on Monday, July 29th. They issued a “neutral” rating and a $3.90 price target on the stock. Finally, BMO Capital Markets raised Lithium Americas to a “hold” rating in a research report on Wednesday.
Get Our Latest Stock Analysis on LAC
Hedge Funds Weigh In On Lithium Americas
Lithium Americas Stock Performance
NYSE:LAC opened at $3.68 on Friday. Lithium Americas has a 52 week low of $2.02 and a 52 week high of $7.86. The stock’s fifty day moving average is $2.65 and its two-hundred day moving average is $3.25.
Lithium Americas (NYSE:LAC – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Equities research analysts predict that Lithium Americas will post -0.09 EPS for the current fiscal 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.
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