Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price fell 6.7% during trading on Tuesday . The company traded as low as C$4.74 and last traded at C$4.77. 145,196 shares changed hands during trading, a decline of 75% from the average session volume of 578,584 shares. The stock had previously closed at C$5.11.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on LAC shares. National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Cormark upgraded Lithium Americas to a "moderate buy" rating in a report on Friday, January 17th. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. 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, Wedbush raised shares of Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lithium Americas currently has an average rating of "Moderate Buy" and an average price target of C$7.50.
Check Out Our Latest Research Report on LAC
Lithium Americas Trading Up 2.5 %
The company has a market cap of C$994.08 million, a price-to-earnings ratio of -28.50 and a beta of 1.58. The firm's fifty day moving average price is C$4.88 and its 200-day moving average price is C$4.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.
Lithium Americas (TSE:LAC - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.01. On average, equities analysts expect that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.
Insider Buying and Selling
In other Lithium Americas news, Director Alun Robert Doyle bought 10,000 shares of Lithium Americas stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is currently owned by insiders.
Lithium Americas Company Profile
(
Get Free Report)
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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