Lithium Americas (TSE:LAC) Lifted to “Hold” at BMO Capital Markets

BMO Capital Markets upgraded shares of Lithium Americas (TSE:LAC) to a hold rating in a research report released on Wednesday, Zacks.com reports.

Several other analysts have also recently issued reports on LAC. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Piper Sandler downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Three 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’s stock. According to MarketBeat.com, Lithium Americas has an average rating of “Moderate Buy” and an average target price of C$9.08.

Lithium Americas Stock Performance

TSE:LAC opened at C$5.09 on Wednesday. The company has a market cap of C$1.11 billion, a P/E ratio of -31.81 and a beta of 1.58. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$10.75. The company’s 50-day moving average price is C$3.63 and its 200-day moving average price is C$4.53. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69.

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

Insider Transactions at Lithium Americas

In related 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. Company insiders own 7.40% of the company’s stock.

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.