Revisor Wealth Management LLC Has $1.60 Million Holdings in Lithium Americas Corp. $LAC

Revisor Wealth Management LLC boosted its holdings in Lithium Americas Corp. (NYSE:LAC) by 123.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 366,418 shares of the company’s stock after acquiring an additional 202,594 shares during the quarter. Revisor Wealth Management LLC’s holdings in Lithium Americas were worth $1,598,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LAC. Goldman Sachs Group Inc. boosted its stake in Lithium Americas by 44.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,046,556 shares of the company’s stock valued at $2,836,000 after buying an additional 324,518 shares in the last quarter. Creative Planning boosted its stake in shares of Lithium Americas by 18.4% during the second quarter. Creative Planning now owns 48,936 shares of the company’s stock valued at $131,000 after purchasing an additional 7,610 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Lithium Americas by 38.0% during the second quarter. Invesco Ltd. now owns 1,666,561 shares of the company’s stock valued at $4,466,000 after purchasing an additional 459,252 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Lithium Americas during the second quarter valued at about $28,000. Finally, Marshall Wace LLP acquired a new stake in shares of Lithium Americas during the second quarter valued at about $105,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lithium Americas in a research note on Wednesday, January 28th. TD Securities raised Lithium Americas to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group reissued a “buy” rating on shares of Lithium Americas in a research note on Monday, February 23rd. Scotiabank cut their price target on Lithium Americas from $7.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Monday, April 6th. Finally, Wall Street Zen raised Lithium Americas from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.71.

Lithium Americas Trading Up 0.0%

Shares of LAC stock opened at $4.84 on Monday. The company has a market cap of $1.68 billion, a P/E ratio of -10.52 and a beta of 1.81. The stock has a 50 day simple moving average of $4.44 and a two-hundred day simple moving average of $5.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 5.16 and a current ratio of 5.16. Lithium Americas Corp. has a fifty-two week low of $2.47 and a fifty-two week high of $10.52.

Lithium Americas (NYSE:LAC) last issued its earnings results on Thursday, March 19th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.33). Research analysts forecast that Lithium Americas Corp. will post -0.12 earnings per share for the current year.

Lithium Americas Company Profile

Lithium Americas Corp. is a Vancouver‐based resource company focused on the development of lithium projects to support the global transition to electric vehicles and renewable energy storage. The company specializes in advancing lithium brine and claystone assets through feasibility studies, environmental permitting and engineering design. Its technical teams work to produce high‐purity lithium chemicals, including lithium carbonate and lithium hydroxide, for battery manufacturers worldwide.

Lithium Americas’ two flagship projects are the Cauchari‐Olaroz lithium brine operation in Jujuy Province, Argentina—developed in partnership with Ganfeng Lithium—and the Thacker Pass lithium clay deposit in northern Nevada, United States.