Lithium Americas Corp. (TSE:LAC) Receives Average Rating of “Moderate Buy” from Analysts

Lithium Americas Corp. (TSE:LAC) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$7.38.

Several brokerages recently commented on LAC. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Finally, National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th.

Lithium Americas Stock Performance

Shares of LAC opened at C$4.56 on Tuesday. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.59. The business has a fifty day moving average of C$5.10 and a 200 day moving average of C$4.13. 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 firm has a market capitalization of C$994.08 million, a P/E ratio of -28.50 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 for the quarter, beating analysts’ consensus estimates of C($0.03) by C$0.01. As a group, sell-side analysts anticipate that Lithium Americas will post 1.3803828 EPS for the current year.

Insider Activity at Lithium Americas

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is currently owned by corporate insiders.

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.