Lithium Americas Corp. (TSE:LAC) Receives C$7.38 Average Price Target from Brokerages

Lithium Americas Corp. (TSE:LAC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat reports. Three investment 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 1 year target price among brokerages that have covered the stock in the last year is C$7.38.

LAC has been the topic of a number of research reports. National Bank Financial raised Lithium Americas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. BMO Capital Markets raised shares of Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. Finally, National Bankshares raised Lithium Americas from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th.

Lithium Americas Price Performance

Shares of LAC traded up C$0.11 during midday trading on Friday, hitting C$5.63. 851,942 shares of the company traded hands, compared to its average volume of 815,615. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.59. The firm has a market cap of C$1.23 billion, a P/E ratio of -34.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The stock has a 50-day moving average of C$4.66 and a 200-day moving average of C$4.23.

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 (EPS) for the quarter, topping analysts' consensus estimates of C($0.03) by C$0.01. As a group, sell-side analysts predict that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Buying and Selling

In other 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. Also, Senior Officer Oleksandr Shulga sold 24,862 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is 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.