Lithium Americas (TSE:LAC) Raised to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Lithium Americas (TSE:LAC) from a hold rating to a strong-buy rating in a report released on Wednesday, Zacks.com reports.

Several other research analysts also recently commented on LAC. National Bankshares raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$5.75 to C$7.25 in a report on Thursday. Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Lithium Americas has an average rating of “Buy” and a consensus target price of C$9.08.

Lithium Americas Stock Performance

Shares of LAC opened at C$4.32 on Wednesday. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$11.06. 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 stock’s fifty day moving average price is C$3.47 and its two-hundred day moving average price is C$4.69. The firm has a market cap of C$941.76 million, a PE ratio of -27.00 and a beta of 1.58.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). On average, equities research analysts forecast that Lithium Americas will post 1.3803828 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction 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. Corporate insiders own 7.40% 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.