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

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$7.38.

Several equities analysts recently weighed in on the company. Wedbush upgraded Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. National Bankshares upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd.

Lithium Americas Stock Down 0.4 %

LAC stock traded down C$0.02 during trading on Tuesday, hitting C$4.54. 484,877 shares of the company's stock traded hands, compared to its average volume of 805,333. The firm has a market capitalization of C$989.72 million, a P/E ratio of -28.38 and a beta of 1.58. 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 1 year low of C$2.87 and a 1 year high of C$10.59. The business has a fifty day simple moving average of C$5.10 and a two-hundred day simple moving average of C$4.13.

Lithium Americas (TSE:LAC - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping analysts' consensus estimates of C($0.03) by C$0.01. Sell-side analysts anticipate that Lithium Americas will post 1.3803828 EPS for the current year.

Insiders Place Their Bets

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