Sage Investment Counsel LLC Invests $30,000 in Lithium Americas Corp. (NYSE:LAC)

Sage Investment Counsel LLC acquired a new stake in shares of Lithium Americas Corp. (NYSE:LAC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $30,000.

Several other large investors also recently bought and sold shares of the business. Alberta Investment Management Corp purchased a new stake in shares of Lithium Americas during the 4th quarter valued at about $686,000. Allworth Financial LP boosted its holdings in Lithium Americas by 99.4% in the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock worth $31,000 after purchasing an additional 4,893 shares during the last quarter. Quotient Wealth Partners LLC bought a new stake in Lithium Americas in the 4th quarter worth approximately $49,000. Silverlake Wealth Management LLC raised its stake in Lithium Americas by 35.2% during the 4th quarter. Silverlake Wealth Management LLC now owns 44,405 shares of the company’s stock valued at $132,000 after buying an additional 11,553 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Lithium Americas by 46.2% during the 4th quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock valued at $47,000 after buying an additional 5,000 shares during the period.

Lithium Americas Stock Performance

LAC opened at $2.64 on Friday. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $7.71. The stock has a market cap of $581.50 million, a price-to-earnings ratio of -21.96 and a beta of 1.68. The firm’s fifty day moving average is $3.09 and its 200 day moving average is $3.12.

Analyst Ratings Changes

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

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.