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

Lithium Americas Corp. (TSE:LAC) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$7.50.

Several research firms have issued reports on LAC. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. National Bankshares increased their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Finally, National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th.

Insider Buying and Selling

In related news, Director Alun Robert Doyle acquired 10,000 shares of the company’s stock in a transaction dated 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 owned by corporate insiders.

Lithium Americas Stock Performance

TSE LAC opened at C$5.05 on Friday. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$10.59. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The stock has a market cap of C$1.10 billion, a P/E ratio of -31.56 and a beta of 1.58. The company’s 50-day simple moving average is C$4.94 and its 200 day simple moving average is C$4.21.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.01. As a group, research analysts forecast that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

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.