Lithium Americas Corp. (NYSE:LAC) Stock Has Average Target Price of $5.25

Lithium Americas Corp. (NYSE:LAC) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.08.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Lithium Americas from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Friday. Wall Street Zen downgraded Lithium Americas from a “sell” rating to a “strong sell” rating in a report on Saturday. Canaccord Genuity Group raised Lithium Americas from a “hold” rating to a “speculative buy” rating in a research note on Thursday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lithium Americas in a report on Thursday, October 22nd. Finally, BMO Capital Markets set a $3.50 target price on Lithium Americas in a report on Tuesday, October 6th.

Lithium Americas Trading Down 8.9%

Shares of LAC stock traded down $0.14 on Friday, reaching $1.49. 15,304,242 shares of the stock were exchanged, compared to its average volume of 8,499,986. The stock has a market cap of $539.11 million, a P/E ratio of 3.62 and a beta of 2.74. The company has a quick ratio of 5.47, a current ratio of 5.47 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $2.39 and a two-hundred day moving average of $3.75. Lithium Americas has a 1-year low of $1.48 and a 1-year high of $6.96.

Lithium Americas (NYSE:LAC) last issued its earnings results on Thursday, November 12th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.15. On average, research analysts anticipate that Lithium Americas will post -0.07 EPS for the current year.

Key Lithium Americas News

Here’s some of the latest news about LAC:

• Positive Sentiment: Lithium Americas said construction at Thacker Pass is progressing, with equipment procurement more than 90% complete. Phase 1 is targeted for completion in late 2027, with ramp-up expected in 2028; the company also highlighted its strong cash position. Article: Lithium Americas Reports Q3 Results and Strong Cash Position
• Negative Sentiment: The company reported a third-quarter loss of $0.05 per share, missing analysts’ estimate of a $0.03 loss. The reported narrowing of its loss may be a partial offset, but the earnings miss adds near-term pressure. Article: Lithium Americas Q3 Loss Per Share Narrows
• Negative Sentiment: JPMorgan cut its price target to $5 from $6, signaling a more cautious valuation view. It nevertheless maintained an “overweight” rating, and the revised target remains well above the cited share price. Article: JPMorgan price-target update

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Lithium Americas by 229.9% in the first quarter. Dimensional Fund Advisors LP now owns 565,135 shares of the company’s stock valued at $2,231,000 after purchasing an additional 393,842 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Lithium Americas during the second quarter worth about $838,000. J. Derek Lewis & Associates Inc. boosted its position in shares of Lithium Americas by 13.6% in the first quarter. J. Derek Lewis & Associates Inc. now owns 25,000 shares of the company’s stock worth $99,000 after buying an additional 3,000 shares during the period. RBF Capital LLC purchased a new stake in shares of Lithium Americas in the first quarter worth about $59,000. Finally, Themes Management Co LLC purchased a new stake in shares of Lithium Americas in the first quarter worth about $81,000.

Lithium Americas Company Profile

Lithium Americas Corp. is a Canadian company focused on developing lithium resources in North America. Its principal project is Thacker Pass, a lithium deposit in Humboldt County, Nevada, where the company plans to mine and process lithium-bearing claystone. The planned operation is designed to produce lithium carbonate for use in electric-vehicle batteries and energy storage systems. The project is intended to serve the North American battery supply chain; Lithium Americas is developing the resource rather than operating it as a producing mine.