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

Shares of Lithium Americas Corp. (TSE:LAC) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$7.50.

Several research analysts have weighed in on the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bankshares boosted their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, January 10th. Wedbush raised shares of Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. 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. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th.

Insiders Place Their Bets

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

Lithium Americas Trading Down 2.6 %

Shares of Lithium Americas stock opened at C$4.14 on Wednesday. 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 has a 1 year low of C$2.87 and a 1 year high of C$10.59. The company has a market capitalization of C$902.52 million, a P/E ratio of -25.88 and a beta of 1.58. The business has a 50 day moving average price of C$4.57 and a 200 day moving average price of C$4.29.

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.