Lithium Americas Corp. (NYSE:LAC) Stock Has Average Target Price of $5.25 According to Analysts

Shares of Lithium Americas Corp. (NYSE:LAC) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.25.

Several research analysts have issued reports on the stock. BMO Capital Markets set a $3.50 price target on shares of Lithium Americas in a research report on Tuesday, October 6th. JPMorgan Chase & Co. began coverage on shares of Lithium Americas in a research note on Wednesday, September 9th. They set an “overweight” rating and a $6.00 target price on the stock. Canaccord Genuity Group upgraded shares of Lithium Americas from a “hold” rating to a “speculative buy” rating in a report on Thursday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lithium Americas in a research note on Thursday, October 22nd. Finally, Wall Street Zen upgraded shares of Lithium Americas from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th.

Key Lithium Americas News

Here’s some of the latest news about LAC:

• Positive Sentiment: The company reported that its third-quarter loss per share narrowed, with results beating analysts’ consensus estimate, and highlighted a strong cash position. Article: Lithium Americas Reports Q3 Results and Strong Cash Position
• Neutral Sentiment: Call-option trading was unusually active, with 14,910 calls purchased—about 80% above the average daily volume. This signals increased trading interest but does not establish the direction of future shares.
• Negative Sentiment: The main headwind is a 31% increase in Thacker Pass Phase 1’s estimated capital cost, to $3.83 billion from $2.93 billion—an additional $900 million. The higher budget raises funding and project-return concerns, helping explain the recent weakness in LAC shares despite the continued construction timeline. Article: Lithium Americas raises Thacker Pass cost estimate by 31%

Lithium Americas Trading Down 1.5%

NYSE LAC opened at $1.62 on Friday. Lithium Americas has a one year low of $1.50 and a one year high of $6.96. The company has a 50-day simple moving average of $2.42 and a 200-day simple moving average of $3.78. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.47 and a current ratio of 5.47. The firm has a market capitalization of $589.94 million, a PE ratio of -4.39 and a beta of 2.74.

Lithium Americas (NYSE:LAC) last announced its quarterly earnings results on Thursday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). On average, equities analysts forecast that Lithium Americas will post -0.07 earnings per share 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. Dimensional Fund Advisors LP increased its holdings in shares of Lithium Americas by 229.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 565,135 shares of the company’s stock worth $2,231,000 after purchasing an additional 393,842 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Lithium Americas in the 2nd quarter worth approximately $838,000. Alps Advisors Inc. grew its holdings in shares of Lithium Americas by 16.8% during the third quarter. Alps Advisors Inc. now owns 1,328,620 shares of the company’s stock worth $3,494,000 after purchasing an additional 190,815 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Lithium Americas by 37.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 510,480 shares of the company’s stock worth $1,345,000 after purchasing an additional 138,459 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Lithium Americas by 183.7% during the first quarter. Cetera Investment Advisers now owns 189,987 shares of the company’s stock valued at $750,000 after acquiring an additional 123,028 shares during the period.

Lithium Americas Company Profile

Lithium Americas Corp. is a Canadian company focused on developing lithium resources in North America. Its principal project is Thacker Pass, a lithium deposit in Humboldt County, Nevada, where the company plans to mine and process lithium-bearing claystone. The planned operation is designed to produce lithium carbonate for use in electric-vehicle batteries and energy storage systems. The project is intended to serve the North American battery supply chain; Lithium Americas is developing the resource rather than operating it as a producing mine.