Lithium Americas (TSE:LAC) Rating Increased to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Lithium Americas (TSE:LAC) to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

LAC has been the topic of several other reports. Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$5.75 to C$7.25 in a report on Thursday, October 17th. Finally, National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.38.

Lithium Americas Trading Up 7.4 %

TSE LAC opened at C$5.09 on Wednesday. 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 twelve month low of C$2.87 and a twelve month high of C$10.75. The firm has a market capitalization of C$1.11 billion, a PE ratio of -31.81 and a beta of 1.58. The stock’s 50 day moving average is C$3.63 and its 200 day moving average is C$4.49.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). Research analysts forecast that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insider Transactions 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 stock was sold at an average price of C$3.40, for a total value of C$84,530.80. Company insiders own 7.40% of the company’s stock.

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.