Sage Investment Counsel LLC Makes New Investment in Lithium Americas Corp. (NYSE:LAC)

Sage Investment Counsel LLC acquired a new position in Lithium Americas Corp. (NYSE:LAC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $30,000.

Several other large investors have also recently modified their holdings of LAC. Teamwork Financial Advisors LLC grew its holdings in shares of Lithium Americas by 79.2% in the fourth quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company’s stock worth $2,122,000 after purchasing an additional 315,621 shares during the last quarter. Tidal Investments LLC grew its holdings in Lithium Americas by 31.8% in the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company’s stock worth $1,024,000 after acquiring an additional 91,353 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Lithium Americas by 41.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company’s stock valued at $1,008,000 after acquiring an additional 108,993 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Lithium Americas during the third quarter valued at about $787,000. Finally, Wolverine Asset Management LLC increased its holdings in Lithium Americas by 3.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 278,622 shares of the company’s stock valued at $752,000 after purchasing an additional 10,000 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LAC. B. Riley boosted their price objective on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Wedbush assumed coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target for the company. Piper Sandler cut their price objective on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Cormark raised Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.51.

Lithium Americas Trading Down 3.8 %

Lithium Americas stock opened at $2.64 on Friday. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $7.71. The business’s fifty day simple moving average is $3.09 and its two-hundred day simple moving average is $3.12. The company has a market capitalization of $581.50 million, a price-to-earnings ratio of -21.96 and a beta of 1.68.

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.