Lithium Americas Corp. (TSE:LAC) Receives Average Rating of "Moderate Buy" from Analysts

Lithium Americas Corp. (TSE:LAC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$7.50.

LAC has been the topic of several analyst reports. Wedbush upgraded shares of Lithium Americas to a "hold" rating in a report on Thursday, December 19th. National Bankshares increased their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an "outperform" rating in a report on Friday, January 10th. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Finally, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a report on Friday, January 17th.

Lithium Americas Trading Down 4.3 %

TSE LAC traded down C$0.19 during trading hours on Wednesday, hitting C$4.28. The company's stock had a trading volume of 678,627 shares, compared to its average volume of 555,859. The stock has a fifty day moving average of C$4.53 and a 200 day moving average of C$4.30. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$10.59. The firm has a market capitalization of C$651.18 million, a P/E ratio of -22.39 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65.

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Insider Activity at Lithium Americas

In related news, Director Alun Robert Doyle acquired 10,000 shares of Lithium Americas stock in a transaction on Tuesday, November 19th. The stock was purchased at an average cost of C$4.47 per share, with a total value of C$44,748.00. 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.