Lithium Americas Corp. (NYSE:LAC – Get Free Report) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $4.80.
A number of equities research analysts have weighed in on the company. Cormark raised Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Piper Sandler dropped their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wedbush began coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price objective for the company.
Read Our Latest Research Report on LAC
Institutional Investors Weigh In On Lithium Americas
Lithium Americas Stock Up 4.0 %
Shares of Lithium Americas stock opened at $3.02 on Tuesday. The stock has a market cap of $665.37 million, a PE ratio of -25.13 and a beta of 1.77. The business has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $3.14. Lithium Americas has a 12 month low of $2.02 and a 12 month high of $7.71.
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.
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