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

Shares of Lithium Americas Corp. (TSE:LAC) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$9.00.

A number of equities research analysts recently weighed in on the company. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. National Bankshares set a C$7.00 target price on shares of Lithium Americas and gave the stock a “sector perform” rating in a report on Thursday, June 6th. Finally, National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th.

Lithium Americas Stock Performance

LAC opened at C$3.24 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 business’s 50-day simple moving average is C$3.48 and its 200 day simple moving average is C$5.37. The firm has a market capitalization of C$706.32 million, a PE ratio of -20.25 and a beta of 1.58. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$16.07.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.04). As a group, sell-side analysts expect that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insider Buying and Selling at Lithium Americas

In related news, Senior Officer Samuel William Pigott acquired 30,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average cost of C$3.60 per share, for a total transaction of C$108,000.00. In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total value of C$84,530.80. Also, Senior Officer Samuel William Pigott bought 30,000 shares of Lithium Americas stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of C$3.60 per share, for a total transaction of C$108,000.00. Company insiders own 7.40% of the company’s stock.

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.