Lithium Americas Corp. (TSE:LAC - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as C$2.59 and last traded at C$3.54, with a volume of 266658 shares trading hands. The stock had previously closed at C$3.81.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Wedbush raised shares of Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. National Bankshares boosted 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 report on Friday, January 10th. Finally, Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$7.50.
Read Our Latest Report on Lithium Americas
Lithium Americas Price Performance
The company has a market cap of C$585.75 million, a PE ratio of -20.14 and a beta of 1.58. The business has a 50 day moving average of C$4.10 and a 200 day moving average of C$4.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06.
About Lithium Americas
(
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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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