Lithium Americas (TSE:LAC) Rating Increased to Outperform at National Bankshares

Lithium Americas (TSE:LAC) was upgraded by stock analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a C$7.25 price objective on the stock, up from their previous price objective of C$5.75. National Bankshares’ target price suggests a potential upside of 67.82% from the company’s current price.

Separately, Piper Sandler downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lithium Americas currently has an average rating of “Buy” and an average price target of C$9.08.

Lithium Americas Stock Performance

Shares of LAC opened at C$4.32 on Thursday. The company has a market cap of C$941.76 million, a PE ratio of -27.00 and a beta of 1.58. The firm has a 50-day moving average of C$3.47 and a 200-day moving average of C$4.69. Lithium Americas has a one year low of C$2.87 and a one 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.

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

Insider Buying and Selling at Lithium Americas

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$3.40, for a total value of C$84,530.80. 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.