Lithium Americas (TSE:LAC) Stock Price Expected to Rise, National Bankshares Analyst Says

Lithium Americas (TSE:LAC) had its target price hoisted by research analysts at National Bankshares from C$7.25 to C$7.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 65.20% from the stock’s previous close.

Several other research analysts have also issued reports on LAC. National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Finally, BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Down 3.4 %

Shares of LAC opened at C$4.54 on Friday. 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 company has a 50-day simple moving average of C$5.03 and a 200-day simple moving average of C$4.18. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59. The firm has a market capitalization of C$989.72 million, a P/E ratio of -28.38 and a beta of 1.58.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.01. On average, equities research analysts expect that Lithium Americas will post 1.3803828 earnings per share for the current year.

Insider Buying and Selling

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost 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 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.