XTX Topco Ltd Buys New Stake in Lithium Americas Corp. (NYSE:LAC)

XTX Topco Ltd purchased a new position in shares of Lithium Americas Corp. (NYSE:LAC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,352 shares of the company’s stock, valued at approximately $133,000.

Several other institutional investors and hedge funds have also made changes to their positions in LAC. Fairscale Capital LLC acquired a new stake in shares of Lithium Americas during the 2nd quarter worth about $27,000. AE Wealth Management LLC acquired a new stake in Lithium Americas during the second quarter worth approximately $27,000. Evergreen Capital Management LLC acquired a new stake in Lithium Americas during the second quarter worth approximately $27,000. Quent Capital LLC lifted its position in shares of Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after buying an additional 5,000 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Lithium Americas in the 2nd quarter valued at $30,000.

Lithium Americas Trading Up 1.0 %

NYSE:LAC opened at $2.97 on Friday. The company has a market capitalization of $655.43 million and a P/E ratio of -24.75. The firm has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $2.99. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $7.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LAC shares. Scotiabank cut their price target on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock in a research note on Friday, October 18th. National Bank Financial raised Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Wedbush started coverage on shares of Lithium Americas in a research report on Thursday. They set a “neutral” rating and a $5.00 target price on the stock. Finally, B. Riley increased their price target 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.56.

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.