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

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$7.50.

Several brokerages have recently issued reports on LAC. Wedbush upgraded shares of Lithium Americas to a "hold" rating in a report on Thursday, December 19th. National Bankshares boosted their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a report on Friday, January 10th. Finally, Cormark upgraded Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th.

Lithium Americas Trading Up 3.0 %

Shares of LAC stock traded up C$0.11 on Thursday, hitting C$3.74. 366,197 shares of the company's stock traded hands, compared to its average volume of 464,731. The stock has a market capitalization of C$569.02 million, a price-to-earnings ratio of -19.56 and a beta of 1.58. The company's fifty day simple moving average is C$4.16 and its 200 day simple moving average is C$4.49. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88.

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.