Silverlake Wealth Management LLC Grows Position in Lithium Americas Corp. (NYSE:LAC)

Silverlake Wealth Management LLC raised its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,405 shares of the company’s stock after purchasing an additional 11,553 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Lithium Americas were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings in Lithium Americas by 39.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock valued at $35,000 after purchasing an additional 3,693 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Lithium Americas by 46.2% in the fourth quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock worth $47,000 after buying an additional 5,000 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Lithium Americas in the fourth quarter worth about $55,000. Vontobel Holding Ltd. lifted its holdings in shares of Lithium Americas by 37.1% in the third quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock worth $59,000 after buying an additional 5,930 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Lithium Americas in the third quarter worth about $67,000.

Lithium Americas Trading Up 1.1 %

LAC stock opened at $3.10 on Thursday. Lithium Americas Corp. has a 1-year low of $2.02 and a 1-year high of $7.71. The company’s 50 day moving average is $3.28 and its 200 day moving average is $3.06. The stock has a market cap of $683.00 million, a price-to-earnings ratio of -25.79 and a beta of 1.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler lowered their price target on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. B. Riley increased their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.51.

Lithium Americas Company Profile

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.