Brokerages Set Lithium Americas Corp. (TSE:LAC) Price Target at C$9.00

Lithium Americas Corp. (TSE:LAC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$9.00.

Separately, Piper Sandler downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th.

Insider Transactions at Lithium Americas

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were 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 company insiders.

Lithium Americas Stock Up 9.0 %

LAC stock opened at C$3.99 on Thursday. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$13.49. The company has a fifty day simple moving average of C$3.38 and a 200 day simple moving average of C$4.83. The firm has a market cap of C$869.82 million, a PE ratio of -24.94 and a beta of 1.58.

Lithium Americas (TSE:LAC) last released its quarterly earnings data 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). Sell-side analysts anticipate that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

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.