Lithium Americas (NYSE:LAC) Given New $4.00 Price Target at B. Riley

Lithium Americas (NYSE:LAC) had its price target lowered by B. Riley from $4.50 to $4.00 in a research note published on Friday, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Lithium Americas’ Q3 2024 earnings at ($0.02) EPS and Q4 2024 earnings at ($0.02) EPS.

Other equities research analysts have also issued research reports about the company. Scotiabank lowered their price objective on Lithium Americas from $5.50 to $3.00 and set a sector perform rating for the company in a research note on Thursday, August 15th. National Bank Financial raised shares of Lithium Americas to a hold rating in a report on Wednesday, June 5th. Piper Sandler began coverage on shares of Lithium Americas in a research note on Monday, July 29th. They issued a neutral rating and a $3.90 target price on the stock. HSBC decreased their price target on Lithium Americas from $6.50 to $5.10 and set a hold rating for the company in a research note on Friday, April 19th. Finally, Eight Capital reduced their target price on Lithium Americas from $13.50 to $10.00 and set a buy rating on the stock in a report on Tuesday, May 14th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $6.61.

Lithium Americas Stock Up 2.1 %

LAC opened at $2.63 on Friday. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $12.38. The company has a fifty day simple moving average of $2.66 and a 200 day simple moving average of $4.17.

Institutional Investors Weigh In On Lithium Americas

A number of hedge funds have recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new stake in Lithium Americas during the first quarter worth approximately $25,000. Mather Group LLC. bought a new position in Lithium Americas during the first quarter valued at about $26,000. Fairscale Capital LLC acquired a new position in Lithium Americas during the second quarter worth about $27,000. AE Wealth Management LLC bought a new stake in Lithium Americas in the second quarter worth about $27,000. Finally, Evergreen Capital Management LLC acquired a new stake in Lithium Americas in the 2nd quarter valued at about $27,000.

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.