Perigon Wealth Management LLC Purchases 5,000 Shares of Lithium Americas Corp. (NYSE:LAC)

Perigon Wealth Management LLC increased its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 46.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,824 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Perigon Wealth Management LLC’s holdings in Lithium Americas were worth $47,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LAC. Creative Financial Designs Inc. ADV increased its position in Lithium Americas by 39.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock valued at $35,000 after buying an additional 3,693 shares in the last quarter. National Bank of Canada FI raised its holdings in Lithium Americas by 13.2% during the third quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock valued at $100,000 after acquiring an additional 4,340 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Lithium Americas by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company’s stock valued at $112,000 after acquiring an additional 4,504 shares during the period. Quent Capital LLC raised its holdings in Lithium Americas by 100.0% during the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after acquiring an additional 5,000 shares during the period. Finally, Vontobel Holding Ltd. raised its holdings in Lithium Americas by 37.1% during the third quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock valued at $59,000 after acquiring an additional 5,930 shares during the period.

Lithium Americas Stock Down 4.2 %

Shares of LAC stock opened at $2.88 on Tuesday. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $7.71. The stock has a market capitalization of $634.47 million, a PE ratio of -23.96 and a beta of 1.67. The firm has a 50 day moving average of $3.33 and a two-hundred day moving average of $3.06.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LAC. Scotiabank cut their price objective on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 18th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Piper Sandler decreased their price target 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. Wedbush assumed coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Finally, National Bank Financial raised 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.51.

About Lithium Americas

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.