Lithium Americas (NYSE:LAC) Coverage Initiated at Wedbush

Research analysts at Wedbush assumed coverage on shares of Lithium Americas (NYSE:LAC) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $5.00 price target on the stock. Wedbush’s price target points to a potential upside of 68.35% from the stock’s current price.

LAC has been the subject of several other research reports. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. B. Riley raised their target price on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Scotiabank dropped their price target on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock in a research report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.56.

Lithium Americas Trading Up 1.0 %

NYSE LAC opened at $2.97 on Thursday. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71. The company has a market cap of $655.43 million and a PE ratio of -24.75. The stock’s 50-day moving average price is $3.66 and its two-hundred day moving average price is $2.99.

Institutional Investors Weigh In On Lithium Americas

Several institutional investors have recently made changes to their positions in LAC. Fairscale Capital LLC bought a new position in Lithium Americas during the second quarter valued at approximately $27,000. AE Wealth Management LLC acquired a new position in shares of Lithium Americas during the 2nd quarter worth $27,000. Evergreen Capital Management LLC bought a new position in shares of Lithium Americas during the 2nd quarter valued at $27,000. Quent Capital LLC raised its holdings in shares of Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at $30,000.

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.