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

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$7.38.

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

Insider Buying and Selling at Lithium Americas

In related news, Director Alun Robert Doyle purchased 10,000 shares of Lithium Americas stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. Also, Senior Officer Oleksandr Shulga sold 24,862 shares of the 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. Corporate insiders own 7.40% of the company’s stock.

Lithium Americas Stock Down 0.7 %

TSE LAC opened at C$5.52 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 debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The stock has a market cap of C$1.20 billion, a PE ratio of -34.50 and a beta of 1.58. The firm has a 50-day simple moving average of C$4.62 and a 200 day simple moving average of C$4.23.

Lithium Americas (TSE:LAC) last issued its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, beating analysts’ consensus estimates of C($0.03) by C$0.01. On average, research analysts forecast that Lithium Americas will post 1.3803828 EPS for the current 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.