Lithium Americas (NYSE:LAC) Trading 3% Higher – What’s Next?

Lithium Americas Corp. (NYSE:LACGet Free Report) shares shot up 3% during trading on Thursday . The company traded as high as $3.90 and last traded at $3.76. 2,394,213 shares were traded during mid-day trading, a decline of 56% from the average session volume of 5,403,049 shares. The stock had previously closed at $3.65.

Analyst Ratings Changes

A number of research firms have recently commented on LAC. B. Riley increased their price objective on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. National Bank Financial raised Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Scotiabank decreased their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 18th. Piper Sandler began coverage on Lithium Americas in a research report on Monday, July 29th. They issued a “neutral” rating and a $3.90 target price for the company. Finally, BMO Capital Markets raised Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.63.

Read Our Latest Stock Analysis on Lithium Americas

Lithium Americas Stock Performance

The business has a 50-day simple moving average of $3.27 and a two-hundred day simple moving average of $3.06.

Institutional Trading of Lithium Americas

Several hedge funds have recently modified their holdings of LAC. Fairscale Capital LLC acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at approximately $27,000. AE Wealth Management LLC acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at approximately $27,000. Evergreen Capital Management LLC acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at approximately $27,000. Quent Capital LLC lifted its holdings in shares of Lithium Americas by 100.0% in the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after buying an additional 5,000 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at approximately $30,000.

About Lithium Americas

(Get Free Report)

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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