Dynamic Technology Lab Private Ltd Trims Stock Position in Lithium Americas Corp. (NYSE:LAC)

Dynamic Technology Lab Private Ltd cut its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 46.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,377 shares of the company’s stock after selling 20,546 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Lithium Americas were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Fairscale Capital LLC acquired a new stake in Lithium Americas during the second quarter worth about $27,000. AE Wealth Management LLC acquired a new stake in Lithium Americas during the second quarter worth about $27,000. Evergreen Capital Management LLC acquired a new stake in Lithium Americas during the second quarter worth about $27,000. Quent Capital LLC increased its stake in Lithium Americas by 100.0% during the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after acquiring an additional 5,000 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lithium Americas during the second quarter worth about $30,000.

Lithium Americas Stock Down 1.5 %

Shares of NYSE LAC opened at $3.89 on Wednesday. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $7.71. The business has a 50 day moving average price of $3.49 and a two-hundred day moving average price of $3.02. The firm has a market cap of $858.45 million and a PE ratio of -32.42.

Analysts Set New Price Targets

Several brokerages have commented on LAC. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on Lithium Americas from $3.00 to $2.50 and set a “hold” rating for the company in a research note on Friday, August 16th. B. Riley increased their target price on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Scotiabank lowered their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Lithium Americas currently has an average rating of “Hold” and an average target price of $5.63.

Lithium Americas 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.