Lithium Americas (NYSE:LAC) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Lithium Americas (NYSE:LAC) from a sector perform rating to an outperform rating in a research note published on Thursday morning, MarketBeat reports.

Other research analysts have also recently issued research reports about the stock. Scotiabank dropped their price objective on shares of Lithium Americas from $5.50 to $3.00 and set a “sector perform” rating for the company in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Lithium Americas from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Friday, August 16th. B. Riley decreased their price target on Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, Piper Sandler initiated coverage on Lithium Americas in a report on Monday, July 29th. They set a “neutral” rating and a $3.90 price objective for the company. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Lithium Americas Stock Down 3.1 %

Lithium Americas stock opened at $3.14 on Thursday. The stock has a 50-day simple moving average of $2.55 and a 200 day simple moving average of $3.34. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $8.07.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Sell-side analysts anticipate that Lithium Americas will post -0.09 EPS for the current year.

Institutional Trading of Lithium Americas

A number of large investors have recently made changes to their positions in LAC. Banque Cantonale Vaudoise acquired a new position in Lithium Americas in the first quarter valued at about $25,000. Mather Group LLC. acquired a new position in shares of Lithium Americas in the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its stake in Lithium Americas by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company’s stock worth $112,000 after purchasing an additional 4,504 shares in the last quarter. Cowen AND Company LLC raised its holdings in Lithium Americas by 50.0% during the 2nd quarter. Cowen AND Company LLC now owns 15,000 shares of the company’s stock worth $40,000 after buying an additional 5,000 shares during the period. Finally, Quent Capital LLC lifted its stake in Lithium Americas by 100.0% in the third 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 in the last quarter.

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.