Lithium Americas Corp. (TSE:LAC) Receives C$7.38 Consensus PT from Analysts

Shares of Lithium Americas Corp. (TSE:LAC) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$7.38.

A number of brokerages have recently commented on LAC. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Wedbush raised Lithium Americas to a “hold” rating in a report on Thursday, December 19th. National Bankshares raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Finally, National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$4.48 on Tuesday. Lithium Americas has a fifty-two week low of C$2.87 and a fifty-two week high of C$10.59. The stock’s 50-day moving average is C$5.13 and its two-hundred day moving average is C$4.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The firm has a market cap of C$976.64 million, a P/E ratio of -28.00 and a beta of 1.58.

Lithium Americas (TSE:LAC) last posted its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01. Analysts predict that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insider Activity at Lithium Americas

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is currently owned by insiders.

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.