Lithium Americas (TSE:LAC) Price Target Raised to C$7.50

Lithium Americas (TSE:LAC) had its price target upped by National Bankshares from C$7.25 to C$7.50 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 65.20% from the company’s current price.

Several other equities research analysts have also recently commented on LAC. Wedbush upgraded Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Four equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Down 3.4 %

TSE:LAC opened at C$4.54 on Friday. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$10.59. The stock has a 50-day moving average price of C$5.03 and a two-hundred day moving average price of C$4.18. The stock has a market cap of C$989.72 million, a price-to-earnings ratio of -28.38 and a beta of 1.58. 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 (TSE:LAC) last posted its earnings results 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 expect that Lithium Americas will post 1.3803828 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Alun Robert Doyle acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. Company insiders own 7.40% of the company’s stock.

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.