Members Wealth LLC Takes Position in Lithium Americas Corp. (NYSE:LAC)

Members Wealth LLC acquired a new position in shares of Lithium Americas Corp. (NYSE:LAC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors have also recently added to or reduced their stakes in LAC. Cacti Asset Management LLC purchased a new stake in Lithium Americas during the first quarter worth about $27,000. Sage Investment Counsel LLC purchased a new stake in Lithium Americas during the fourth quarter worth about $30,000. Allworth Financial LP boosted its holdings in Lithium Americas by 99.4% during the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock worth $31,000 after buying an additional 4,893 shares in the last quarter. Mariner LLC purchased a new stake in Lithium Americas during the fourth quarter worth about $31,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Lithium Americas during the fourth quarter worth about $34,000.

Lithium Americas Stock Performance

LAC stock opened at $2.77 on Thursday. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $5.20. The stock’s 50 day moving average price is $2.80 and its 200 day moving average price is $3.01. The firm has a market cap of $606.37 million, a P/E ratio of -23.08 and a beta of 0.67.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). On average, research analysts predict that Lithium Americas Corp. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

LAC has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on shares of Lithium Americas in a report on Thursday, April 17th. They set an “outperform” rating and a $4.50 price objective on the stock. Wedbush reissued a “neutral” rating and set a $5.00 price objective on shares of Lithium Americas in a report on Friday, May 16th. National Bank Financial downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Friday, May 16th. Scotiabank lowered their price target on shares of Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating on the stock in a research report on Monday, March 31st. Finally, National Bankshares downgraded Lithium Americas from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Lithium Americas currently has a consensus rating of “Hold” and a consensus price target of $3.88.

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.