Lithium Americas Corp (NewCo) (NYSE: LAC) stock jumped 0.69% on Monday to $7.26 against a previous-day closing price of $7.21. With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.72 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $7.46 whereas the lowest price it dropped to was $7.21. The 52-week range on LAC shows that it touched its highest point at $12.38 and its lowest point at $6.32 during that stretch. It currently has a 1-year price target of $12.65.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LAC was up-trending over the past week, with a rise of 1.11%, but this was up by 4.31% over a month.
Float and Shares Shorts:
On Oct 30, 2023, short shares totaled 14.93 million, which was 8.59% higher than short shares on . In addition to Mr. Kelvin Paul Michael Dushnisky B.Sc., B.Sc. (Hon.), L.L.B., M.Sc. as the firm’s Executive Chairman of Board, Mr. Jonathan D. Evans serves as its President, CEO & Director.
Institutional Ownership:
With a 0.82% stake in LAC, the Vanguard Total International Stoc is the largest stakeholder. A total of 1,308,876 shares are owned by the mutual fund manager. The VanEck Rare Earth/Strategic Metal, which owns about 0.75% of LAC stock, is the second-largest Mutual Fund holder. It holds 1,202,745 shares valued at 8.06 million. Government Pension Fund – Global holds 0.58% of the stake in LAC, owning 927,650 shares worth 6.22 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LAC analysts setting a high price target of $16.50 and a low target of $7.00, the average target price over the next 12 months is $12.65. Based on these targets, LAC could surge 127.27% to reach the target high and fall by -3.58% to reach the target low. Reaching the average price target will result in a growth of 74.24% from current levels.
