Lithium Americas Corp. (TSE:LAC) Receives C$7.50 Average Target Price from Analysts

Lithium Americas Corp. (TSE:LAC - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat reports. Four 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. The average 1-year price target among analysts that have covered the stock in the last year is C$7.50.

A number of analysts have recently weighed in on the company. National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Wedbush upgraded shares of Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research report on Friday. Finally, National Bankshares boosted their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a research report on Friday, January 10th.

Lithium Americas Stock Performance

Shares of LAC stock traded down C$0.47 on Friday, reaching C$4.64. The stock had a trading volume of 760,758 shares, compared to its average volume of 631,406. Lithium Americas has a 12 month low of C$2.87 and a 12 month 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. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of -29.00 and a beta of 1.58. The firm's 50-day moving average is C$4.93 and its two-hundred day moving average is C$4.22.

Lithium Americas (TSE:LAC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.01. On average, research analysts expect that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Buying and Selling at Lithium Americas

In related news, Director Alun Robert Doyle acquired 10,000 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost 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.

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.