Lithium Americas Corp. (TSE:LAC – Get Free Report)’s share price traded down 27.8% on Thursday . The stock traded as low as C$6.42 and last traded at C$6.61. 804,613 shares were traded during mid-day trading, an increase of 34% from the average session volume of 600,825 shares. The stock had previously closed at C$9.16.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. dropped their price target on shares of Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating for the company in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Lithium Americas presently has a consensus rating of “Hold” and an average price target of C$22.75.
Check Out Our Latest Stock Analysis on LAC
Lithium Americas Price Performance
Lithium Americas (TSE:LAC – Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The company reported C($0.11) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.07). On average, equities analysts predict that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.
Insider Buying and Selling at Lithium Americas
In other Lithium Americas news, Director Juan Diego Lopez Casanello purchased 10,000 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was bought at an average price of C$4.54 per share, with a total value of C$45,400.00. 0.38% of the stock is currently owned by corporate insiders.
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.
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