Market Analysts see Lithium Americas Corp. [LAC] gaining to $20. Time to buy?

Lithium Americas Corp. [NYSE: LAC] gained 12.43% or 2.68 points to close at $24.24 with a heavy trading volume of 9532745 shares. The company report on October 7, 2021 that Lithium Americas Expands Resource at Thacker Pass and Increases Phase 1 Capacity to Target 40,000 tpa Lithium Carbonate.

Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to provide a project update for the Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass” or the “Project”) including an increase in the Mineral Resource estimate to 13.7 million tonnes (“Mt”) of lithium carbonate equivalent (“LCE”) grading 2,231 parts per million lithium (“ppm Li”) of Measured and Indicated (“M&I”) and 4.4 Mt of LCE grading 2,112 ppm Li of Inferred Resources.

HIGHLIGHTS.

It opened the trading session at $21.71, the shares rose to $24.29 and dropped to $21.62, the range by which the price of stock traded the whole day. The daily chart for LAC points out that the company has recorded 66.14% gains over the past six months. However, it is still -170.84% lower than its most recent low trading price.

If we look at the average trading volume of 4.78M shares, LAC reached to a volume of 9532745 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lithium Americas Corp. [LAC]:

Piper Sandler have made an estimate for Lithium Americas Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 01, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on September 30, 2021, representing the official price target for Lithium Americas Corp. stock. Previously, the target price had yet another raise to $25, while B. Riley Securities analysts kept a Buy rating on LAC stock.

The Average True Range (ATR) for Lithium Americas Corp. is set at 1.64 The Price to Book ratio for the last quarter was 4.26, with the Price to Cash per share for the same quarter was set at 4.10. Price to Free Cash Flow for LAC in the course of the last twelve months was 175.89.

Trading performance analysis for LAC stock

Lithium Americas Corp. [LAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.94. With this latest performance, LAC shares gained by 10.94% in over the last four-week period, additionally plugging by 66.14% over the last 6 months – not to mention a rise of 90.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LAC stock in for the last two-week period is set at 62.02, with the RSI for the last a single of trading hit 65.81, and the three-weeks RSI is set at 60.47 for Lithium Americas Corp. [LAC]. The present Moving Average for the last 50 days of trading for this stock 19.77, while it was recorded at 21.56 for the last single week of trading, and 16.93 for the last 200 days.

Lithium Americas Corp. [LAC]: A deeper dive into fundamental analysis

Return on Total Capital for LAC is now -12.08, given the latest momentum, and Return on Invested Capital for the company is -13.27. Return on Equity for this stock declined to -21.00, with Return on Assets sitting at -11.85. When it comes to the capital structure of this company, Lithium Americas Corp. [LAC] has a Total Debt to Total Equity ratio set at 63.57. Additionally, LAC Total Debt to Total Capital is recorded at 38.86, with Total Debt to Total Assets ending up at 37.10. Long-Term Debt to Equity for the company is recorded at 63.57, with the Long-Term Debt to Total Capital now at 38.86.

Reflecting on the efficiency of the workforce at the company, Lithium Americas Corp. [LAC] managed to generate an average of -$1,181,049 per employee.Lithium Americas Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 56.70.

An analysis of insider ownership at Lithium Americas Corp. [LAC]

There are presently around $394 million, or 20.82% of LAC stock, in the hands of institutional investors. The top three institutional holders of LAC stocks are: INVESCO LTD. with ownership of 2,668,234, which is approximately -7.06% of the company’s market cap and around 16.74% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 2,156,430 shares of the stock with an approximate value of $52.27 million in LAC stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $24.79 million in LAC stock with ownership of nearly 13.628% of the company’s market capitalization.

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Positions in Lithium Americas Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 68 institutional holders increased their position in Lithium Americas Corp. [NYSE:LAC] by around 3,237,355 shares. Additionally, 63 investors decreased positions by around 4,461,353 shares, while 27 investors held positions by with 8,547,975 shares. The mentioned changes placed institutional holdings at 16,246,683 shares, according to the latest SEC report filing. LAC stock had 22 new institutional investments in for a total of 582,278 shares, while 26 institutional investors sold positions of 1,789,372 shares during the same period.

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