Lithium Americas Corp. (TSE:LAC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$9.00.

LAC has been the subject of several research reports. National Bankshares set a C$7.00 target price on Lithium Americas and gave the stock a “sector perform” rating in a report on Thursday, June 6th. National Bank Financial upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Finally, Eight Capital raised shares of Lithium Americas to a “strong-buy” rating in a research report on Tuesday, May 14th.

Lithium Americas Trading Down 4.5 %

Shares of TSE LAC opened at C$3.64 on Tuesday. The business’s 50 day moving average price is C$5.03 and its 200-day moving average price is C$6.67. Lithium Americas has a fifty-two week low of C$3.56 and a fifty-two week high of C$28.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38. The company has a market cap of C$790.50 million, a price-to-earnings ratio of -52.00 and a beta of 1.58.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Monday, May 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. On average, sell-side analysts expect that Lithium Americas will post 1.3803828 earnings per share for the current year.

Insider Buying and Selling at Lithium Americas

In other news, Director Jinhee Magie purchased 8,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were acquired at an average cost of C$6.48 per share, with a total value of C$51,840.00. In related news, Director Jinhee Magie acquired 8,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average cost of C$6.48 per share, for a total transaction of C$51,840.00. Also, Director John Kanellitsas purchased 50,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of C$3.89 per share, for a total transaction of C$194,500.00. Insiders have purchased 88,611 shares of company stock worth $356,678 over the last quarter. Insiders own 7.53% of the company’s stock.

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.