Lithium Americas Corp. (TSE:LAC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Lithium Americas Corp. (TSE:LAC) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$9.00.

Separately, Piper Sandler cut shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th.

Lithium Americas Price Performance

Lithium Americas stock opened at C$4.52 on Thursday. The business’s 50-day simple moving average is C$3.40 and its 200 day simple moving average is C$4.79. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The stock has a market cap of C$985.36 million, a price-to-earnings ratio of -28.25 and a beta of 1.58. Lithium Americas has a 12-month low of C$2.87 and a 12-month high of C$12.71.

Lithium Americas (TSE:LAC) last issued its earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.04). As a group, research analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current year.

Insider Activity at Lithium Americas

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is currently owned by corporate insiders.

About Lithium Americas

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.