Lithium Americas (TSE:LAC) Stock Price Passes Below Two Hundred Day Moving Average of $5.14

Lithium Americas Corp. (TSE:LAC) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.14 and traded as low as C$3.43. Lithium Americas shares last traded at C$3.47, with a volume of 385,210 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on LAC. National Bankshares set a C$7.00 price objective on shares of Lithium Americas and gave the stock a “sector perform” rating in a research report on Thursday, June 6th. Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, National Bank Financial upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$9.00.

Lithium Americas Price Performance

The company has a 50-day moving average price of C$3.41 and a 200-day moving average price of C$5.14. The firm has a market capitalization of C$756.46 million, a P/E ratio of -21.69 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15.

Lithium Americas (TSE:LAC) last posted its 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). On average, sell-side analysts predict that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Insider Activity at Lithium Americas

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is owned by corporate insiders.

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.