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Lithium Americas Corp. (LAC) Stock Could Soon Reward Patient Investors

Lithium Americas Corp. (NYSE: LAC) is -0.41% lower on its value in year-to-date trading and has touched a low of $18.89 and a high of $41.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LAC stock was last observed hovering at around $29.38 in the last trading session, with the day’s loss setting it -0.38% off its average median price target of $38.42 for the next 12 months. It is also 29.77% off the consensus price target high of $41.29 offered by 13 analysts, but current levels are -26.91% lower than the price target low of $22.85 for the same period.

Currently trading at $29.00, the stock is -2.55% and 6.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -1.29% at the moment leaves the stock 6.29% off its SMA200. LAC registered 38.29% gain for a year compared to 6-month loss of -4.13%.

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The stock witnessed a 1.65% gain in the last 1 month and extending the period to 3 months gives it a 35.39%, and is -6.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.41% over the week and 5.91% over the month.

Fwd P/E is 41.67. Distance from 52-week low is 53.52% and -30.22% from its 52-week high.

Lithium Americas Corp. (LAC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Lithium Americas Corp. (LAC) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Lithium Americas Corp. is expected to release its quarterly report on 11/14/2022.The EPS is expected to grow by 15.30% this year.

Lithium Americas Corp. (LAC) Top Institutional Holders

The shares outstanding are 134.52M, and float is at 111.74M with Short Float at 7.98%.

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