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

Lithium Americas Corp. (TSE:LAC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$7.50.

LAC has been the topic of a number of research analyst reports. National Bankshares increased 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 note on Friday, January 10th. Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Finally, Wedbush upgraded Lithium Americas to a "hold" rating in a research note on Thursday, December 19th.

Lithium Americas Stock Down 0.5 %

LAC stock traded down C$0.02 during midday trading on Friday, hitting C$4.20. 211,167 shares of the company's stock were exchanged, compared to its average volume of 512,581. The firm has a 50 day moving average price of C$4.39 and a 200-day moving average price of C$4.39. Lithium Americas has a 12-month low of C$2.87 and a 12-month high of C$10.59. The stock has a market capitalization of C$639.00 million, a price-to-earnings ratio of -21.97 and a beta of 1.58. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65.

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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.