Brokerages Set Lithium Americas Corp. (TSE:LAC) Price Target at C$7.38

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

Several research firms have issued reports on LAC. National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th.

Insider Activity at Lithium Americas

In other 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 transaction of C$84,530.80. Also, Director Alun Robert Doyle bought 10,000 shares of Lithium Americas stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is currently owned by corporate insiders.

Lithium Americas Stock Up 1.6 %

Shares of TSE LAC opened at C$5.61 on Friday. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$10.59. The firm has a 50-day simple moving average of C$4.71 and a two-hundred day simple moving average of C$4.20. The company has a market cap of C$1.22 billion, a P/E ratio of -35.06 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.

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