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Fintel reports that on April 20, 2023, Deutsche Bank maintained coverage of Lithium Americas (NYSE:LAC) with a Buy recommendation.
Analyst Price Forecast Suggests 95.25% Upside
As of April 6, 2023, the average one-year price target for Lithium Americas is $37.68. The forecasts range from a low of $30.30 to a high of $44.62. The average price target represents an increase of 95.25% from its latest reported closing price of $19.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Lithium Americas is $310MM. The projected annual non-GAAP EPS is $1.01.
What are Other Shareholders Doing?
HighTower Advisors holds 30K shares representing 0.02% ownership of the company. In it’s prior filing, the firm reported owning 29K shares, representing an increase of 4.33%. The firm decreased its portfolio allocation in LAC by 35.29% over the last quarter.
Brown Advisory holds 101K shares representing 0.07% ownership of the company. No change in the last quarter.
Canton Hathaway holds 20K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 20K shares, representing an increase of 1.01%. The firm increased its portfolio allocation in LAC by 113,832.76% over the last quarter.
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main holds 508K shares representing 0.34% ownership of the company. In it’s prior filing, the firm reported owning 578K shares, representing a decrease of 13.70%. The firm decreased its portfolio allocation in LAC by 41.47% over the last quarter.
Mirae Asset Global Investments Co. holds 1,332K shares representing 0.88% ownership of the company. In it’s prior filing, the firm reported owning 1,901K shares, representing a decrease of 42.74%. The firm decreased its portfolio allocation in LAC by 51.36% over the last quarter.
What is the Fund Sentiment?
There are 295 funds or institutions reporting positions in Lithium Americas. This is an increase of 1 owner(s) or 0.34% in the last quarter. Average portfolio weight of all funds dedicated to LAC is 0.36%, an increase of 31.85%. Total shares owned by institutions increased in the last three months by 14.85% to 36,474K shares. 
The put/call ratio of LAC is 0.56, indicating a bullish outlook.
Lithium Americas Background Information
(This description is provided by the company.)
Lithium Americas is a development-stage company with projects in Jujuy, Argentina and Nevada, United States.
See all Lithium Americas regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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