Lithium Americas (TSE:LAC) Trading Down 6.7% - Should You Sell?

Lithium Americas Corp. (TSE:LAC - Get Free Report) shares dropped 6.7% during mid-day trading on Tuesday . The stock traded as low as C$4.74 and last traded at C$4.77. Approximately 145,196 shares were traded during trading, a decline of 75% from the average daily volume of 578,584 shares. The stock had previously closed at C$5.11.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LAC shares. Wedbush upgraded shares of Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. National Bankshares lifted their price target on shares of 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. National Bank Financial upgraded shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Cormark raised Lithium Americas to a "moderate buy" rating in a report on Friday. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$7.50.

Lithium Americas Trading Down 10.8 %

The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The stock has a market cap of C$994.08 million, a price-to-earnings ratio of -28.50 and a beta of 1.58. The business has a 50 day simple moving average of C$4.93 and a two-hundred day simple moving average of C$4.22.

Lithium Americas (TSE:LAC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, beating the consensus estimate of C($0.03) by C$0.01. As a group, equities analysts anticipate that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Insider Buying and Selling

In related news, Director Alun Robert Doyle acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is owned by corporate insiders.

About Lithium Americas

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.