1 week Ago By Defense World Staff
Invesco Ltd. reduced its holdings in shares of Lithium Americas Corp. (NYSE:LAC – Free Report) by 23.
9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,526,907 shares of the company’s stock after selling 478,756 shares during the period. Invesco Ltd.
owned 0.69% of Lithium Americas worth $4,535,000 at the end of the most recent reporting period. Other hedge funds have also bought and sold shares of the company.
Perigon Wealth Management LLC raised its position in shares of Lithium Americas by 46.2% in the 4th quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock worth $47,000 after purchasing an additional 5,000 shares during the last quarter.
Geode Capital Management LLC raised its holdings in Lithium Americas by 21.6% in the third quarter. Geode Capital Management LLC now owns 103,275 shares of the company’s stock worth $279,000 after buying an additional 18,321 shares during the last quarter.
Jones Financial Companies Lllp lifted its stake in shares of Lithium Americas by 29.5% in the fourth quarter. Jones Financial Companies Lllp now owns 87,350 shares of the company’s stock worth $259,000 after buying an additional 19,908 shares in the last quarter.
Raymond James Financial Inc. purchased a new stake in shares of Lithium Americas during the fourth quarter valued at approximately $130,000. Finally, HB Wealth Management LLC bought a new stake in shares of Lithium Americas during the fourth quarter valued at approximately $55,000.
Lithium Americas Price PerformanceNYSE:LAC opened at $2.90 on Friday. The firm has a market capitalization of $639.
99 million, a price-to-earnings ratio of -24.17 and a beta of 1.01.
The business has a fifty day moving average price of $2.79 and a 200-day moving average price of $3.19.
Lithium Americas Corp. has a one year low of $2.02 and a one year high of $5.
20. Lithium Americas (NYSE:LAC – Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The company reported ($0.
11) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09).
On average, equities research analysts expect that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.
Wall Street Analyst Weigh InSeveral analysts have commented on LAC shares. Scotiabank cut their target price on Lithium Americas from $3.00 to $2.
75 and set a “sector perform” rating on the stock in a research note on Monday, March 31st. Piper Sandler reduced their price objective on Lithium Americas from $3.90 to $3.
50 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Evercore ISI assumed coverage on Lithium Americas in a research report on Thursday, April 17th. They issued an “outperform” rating and a $4.
50 target price for the company. National Bankshares reissued an “outperform” rating on shares of Lithium Americas in a report on Wednesday, April 2nd. Finally, Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th.
Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.75.
View Our Latest Research Report on LACAbout Lithium Americas (Free Report)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.
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