Lithium Americas (NYSE:LAC) SVP Sells $27,823.50 in Stock

Lithium Americas Corp. (NYSE:LAC) SVP Edward Grandy sold 6,183 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $4.50, for a total transaction of $27,823.50. Following the transaction, the senior vice president owned 135,466 shares in the company, valued at $609,597. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lithium Americas Trading Up 4.7%

Shares of LAC traded up $0.23 during mid-day trading on Tuesday, reaching $5.00. The company’s stock had a trading volume of 16,147,712 shares, compared to its average volume of 16,241,677. The stock has a market cap of $1.23 billion, a PE ratio of -4.76 and a beta of 1.42. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 0.33. Lithium Americas Corp. has a 52 week low of $2.31 and a 52 week high of $10.52. The company’s fifty day moving average price is $5.71 and its two-hundred day moving average price is $3.84.

Lithium Americas (NYSE:LAC) last released its earnings results on Thursday, November 13th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. On average, analysts predict that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LAC shares. BMO Capital Markets raised their price objective on Lithium Americas from $3.50 to $5.00 and gave the company a “market perform” rating in a research note on Thursday, October 2nd. Canaccord Genuity Group cut Lithium Americas from a “speculative buy” rating to a “sell” rating in a report on Thursday, October 2nd. TD Securities lowered Lithium Americas from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research report on Thursday, September 25th. Wedbush lifted their price target on Lithium Americas from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Finally, Scotiabank upgraded Lithium Americas from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.33.

Institutional Trading of Lithium Americas

Several large investors have recently modified their holdings of the business. Quarry LP purchased a new position in Lithium Americas during the 3rd quarter valued at about $28,000. Harbour Investments Inc. grew its position in shares of Lithium Americas by 86.1% in the 2nd quarter. Harbour Investments Inc. now owns 9,900 shares of the company’s stock worth $27,000 after buying an additional 4,580 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Lithium Americas in the 1st quarter worth approximately $27,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Lithium Americas during the third quarter valued at approximately $57,000. Finally, Gainplan LLC bought a new position in shares of Lithium Americas during the third quarter valued at approximately $58,000.

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.