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

Lithium Americas Corp. (TSE:LAC - Get Free Report) has been assigned a consensus recommendation of "Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$7.50.

Several brokerages recently issued reports on LAC. National Bankshares raised their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the stock 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 report on Friday, January 17th. Finally, Evercore ISI raised shares of Lithium Americas to a "strong-buy" rating in a research report on Thursday, April 17th.

Lithium Americas Trading Down 1.5 %

TSE:LAC opened at C$4.02 on Monday. The company has a market cap of C$611.62 million, a PE ratio of -21.03 and a beta of 1.58. The business's 50 day moving average is C$3.97 and its two-hundred day moving average is C$4.52. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$7.22.

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.

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