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

Lithium Americas Corp. (TSE:LAC) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$7.50.

Several research firms have commented on LAC. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Finally, National Bankshares upped their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th.

Lithium Americas Trading Up 1.8 %

TSE LAC opened at C$4.43 on Friday. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59. The stock has a market capitalization of C$674.00 million, a PE ratio of -23.17 and a beta of 1.58. The firm has a 50 day moving average of C$4.39 and a two-hundred day moving average of C$4.38.

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.