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

Lithium Americas Corp. (TSE:LAC) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$7.38.

Several brokerages have weighed in on LAC. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$5.75 to C$7.25 in a research note on Thursday, October 17th. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th.

Insiders Place Their Bets

In other Lithium Americas news, Director Alun Robert Doyle acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is currently owned by company insiders.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$4.54 on Tuesday. The firm has a market capitalization of C$989.72 million, a PE ratio of -28.38 and a beta of 1.58. The company has a 50 day moving average price of C$5.13 and a 200-day moving average price of C$4.13. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59. 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 (TSE:LAC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01. As a group, equities research analysts expect that Lithium Americas will post 1.3803828 earnings per share for the current year.

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.