Lithium Americas (NYSE:LAC) Upgraded by National Bank Financial to “Outperform”

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

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

Lithium Americas Stock Performance

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LAC. Banque Cantonale Vaudoise bought a new position in Lithium Americas in the 1st quarter valued at about $25,000. Mather Group LLC. bought a new stake in Lithium Americas during the first quarter worth $26,000. Quent Capital LLC acquired a new stake in shares of Lithium Americas in the 1st quarter valued at $48,000. Headlands Technologies LLC increased its stake in shares of Lithium Americas by 2,332.3% in the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company’s stock valued at $52,000 after purchasing an additional 7,370 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in shares of Lithium Americas in the 2nd quarter valued at $27,000.

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.