Lithium Americas (NYSE:LAC) PT Lowered to $2.50

Lithium Americas (NYSE:LAC) had its target price decreased by Deutsche Bank Aktiengesellschaft from $3.00 to $2.50 in a research report released on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts also recently weighed in on LAC. Piper Sandler began coverage on Lithium Americas in a research note on Monday, July 29th. They issued a neutral rating and a $3.90 price objective for the company. Eight Capital dropped their price target on Lithium Americas from $13.50 to $10.00 and set a buy rating for the company in a research report on Tuesday, May 14th. HSBC dropped their price target on Lithium Americas from $6.50 to $5.10 and set a hold rating for the company in a research report on Friday, April 19th. B. Riley dropped their price target on Lithium Americas from $4.50 to $4.00 and set a buy rating for the company in a research report on Friday. Finally, National Bank Financial raised Lithium Americas to a hold rating in a research report on Wednesday, June 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $6.61.

Lithium Americas Stock Up 2.1 %

NYSE LAC opened at $2.63 on Friday. Lithium Americas has a 1-year low of $2.02 and a 1-year high of $12.38. The business has a 50 day moving average price of $2.66 and a 200 day moving average price of $4.17.

Institutional Investors Weigh In On Lithium Americas

A number of hedge funds and other institutional investors have recently made changes to their positions in LAC. International Assets Investment Management LLC purchased a new stake in shares of Lithium Americas in the fourth quarter valued at $71,000. Mackenzie Financial Corp grew its position in shares of Lithium Americas by 28.6% in the fourth quarter. Mackenzie Financial Corp now owns 257,589 shares of the company’s stock valued at $1,653,000 after purchasing an additional 57,232 shares during the period. Panview Asian Equity Master Fund purchased a new stake in shares of Lithium Americas in the fourth quarter valued at $1,911,000. Parametrica Management Ltd purchased a new stake in shares of Lithium Americas in the fourth quarter valued at $68,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Lithium Americas in the fourth quarter valued at $595,000.

About Lithium Americas

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.