Lithium Americas Corp. (NYSE:LAC) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 21.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 103,275 shares of the company’s stock after buying an additional 18,321 shares during the quarter. Geode Capital Management LLC’s holdings in Lithium Americas were worth $279,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LAC. TD Asset Management Inc boosted its holdings in shares of Lithium Americas by 18.3% during the second quarter. TD Asset Management Inc now owns 140,483 shares of the company’s stock worth $374,000 after purchasing an additional 21,759 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Lithium Americas during the second quarter worth approximately $32,000. Johnson Investment Counsel Inc. acquired a new stake in shares of Lithium Americas during the second quarter worth approximately $37,000. Renaissance Technologies LLC acquired a new stake in shares of Lithium Americas during the second quarter worth approximately $520,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Lithium Americas during the second quarter worth approximately $32,000.

Lithium Americas Trading Up 2.2 %

NYSE LAC opened at $3.21 on Tuesday. The company has a market cap of $708.40 million, a PE ratio of -26.75 and a beta of 1.67. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $7.71. The stock has a 50 day moving average of $3.53 and a 200-day moving average of $3.02.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. B. Riley raised their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Piper Sandler reduced their target price on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Scotiabank dropped their target price on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock in a research report on Friday, October 18th. Finally, National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.51.

Lithium Americas Company 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.