Lithium Americas (TSE:LAC) Raised to “Hold” at Wedbush

Lithium Americas (TSE:LAC) was upgraded by equities researchers at Wedbush to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. 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, National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.38.

Lithium Americas Trading Up 1.2 %

TSE:LAC opened at C$4.27 on Thursday. The company has a market capitalization of C$930.86 million, a PE ratio of -26.69 and a beta of 1.58. The stock’s 50 day moving average price is C$5.09 and its 200 day moving average price is C$4.13. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.59.

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

Insider Activity at Lithium Americas

In other news, Director Alun Robert Doyle acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is currently owned by company 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.