Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy Sells 4,894 Shares

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of Lithium Americas stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$4.71, for a total transaction of C$23,051.21.

Lithium Americas Stock Down 0.2 %

Shares of Lithium Americas stock opened at C$4.70 on Friday. Lithium Americas Corp. has a 1 year low of C$2.87 and a 1 year high of C$10.59. 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 company has a 50-day moving average of C$5.07 and a 200 day moving average of C$4.16. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of -29.38 and a beta of 1.58.

Lithium Americas (TSE:LAC) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.03) by C$0.01. As a group, sell-side analysts anticipate that Lithium Americas Corp. will post 1.3803828 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LAC. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$7.38.

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.