Analysts Set Lithium Americas Corp. (TSE:LAC) PT at C$7.38

Lithium Americas Corp. (TSE:LAC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$7.38.

Several equities analysts recently commented on LAC shares. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Finally, Piper Sandler cut shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th.

Lithium Americas Trading Down 4.8 %

Shares of Lithium Americas stock opened at C$5.50 on Monday. 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 stock has a 50 day moving average price of C$3.99 and a two-hundred day moving average price of C$4.32. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.75. The stock has a market capitalization of C$1.20 billion, a PE ratio of -34.38 and a beta of 1.58.

Lithium Americas (TSE:LAC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. As a group, equities analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of Lithium Americas 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. 7.40% of the stock is currently owned by 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.