Lithium Americas (NYSE:LAC) Research Coverage Started at Piper Sandler

Piper Sandler started coverage on shares of Lithium Americas (NYSE:LAC) in a research note issued to investors on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $3.90 price target on the stock.

Several other equities analysts have also recently weighed in on LAC. National Bank Financial raised shares of Lithium Americas to a hold rating in a research note on Wednesday, June 5th. HSBC lowered their price objective on shares of Lithium Americas from $6.50 to $5.10 and set a hold rating for the company in a research report on Friday, April 19th. Finally, Eight Capital lowered their price objective on shares of Lithium Americas from $13.50 to $10.00 and set a buy rating for the company in a research report on Tuesday, May 14th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Lithium Americas currently has a consensus rating of Moderate Buy and an average target price of $8.67.

Lithium Americas Stock Up 4.6 %

LAC opened at $2.72 on Monday. The company has a fifty day moving average of $2.94 and a 200 day moving average of $4.39. Lithium Americas has a fifty-two week low of $2.49 and a fifty-two week high of $12.38.

Lithium Americas (NYSE:LAC) last posted its earnings results on Monday, May 13th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Sell-side analysts predict that Lithium Americas will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Lithium Americas

Institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of Lithium Americas in the 1st quarter worth about $25,000. Mather Group LLC. purchased a new position in Lithium Americas in the 1st quarter worth about $26,000. International Assets Investment Management LLC purchased a new position in Lithium Americas in the 2nd quarter worth about $30,000. Allworth Financial LP purchased a new position in Lithium Americas in the 4th quarter worth about $37,000. Finally, Quent Capital LLC purchased a new position in Lithium Americas in the 1st quarter worth about $48,000.

Lithium Americas Company Profile

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.