Lithium Americas Corp. (TSE:LAC) Senior Officer Samuel William Pigott Buys 30,000 Shares

Lithium Americas Corp. (TSE:LAC) Senior Officer Samuel William Pigott bought 30,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average price of C$3.60 per share, with a total value of C$108,000.00.

Lithium Americas Stock Up 1.0 %

Shares of TSE:LAC opened at C$3.87 on Wednesday. The company has a 50 day moving average price of C$5.88 and a two-hundred day moving average price of C$6.98. The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38. The company has a market capitalization of C$840.45 million, a PE ratio of -55.29 and a beta of 1.58. Lithium Americas Corp. has a 52 week low of C$3.77 and a 52 week high of C$28.88.

Lithium Americas (TSE:LAC) last posted its earnings results on Monday, May 13th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. Analysts forecast that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LAC shares. Eight Capital raised shares of Lithium Americas to a “strong-buy” rating in a report on Tuesday, May 14th. National Bank Financial raised Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Finally, National Bankshares set a C$7.00 price objective on Lithium Americas and gave the stock a “sector perform” rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lithium Americas currently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.00.

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.