Lithium Americas (TSE:LAC - Get Free Report) had its target price upped by equities research analysts at National Bankshares from C$7.25 to C$7.50 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 65.20% from the stock's current price.
Other analysts also recently issued research reports about the company. BMO Capital Markets raised Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. National Bank Financial upgraded shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, Wedbush raised shares of Lithium Americas to a "hold" rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$7.50.
Check Out Our Latest Stock Analysis on LAC
Lithium Americas Stock Performance
LAC stock traded down C$0.16 during midday trading on Friday, reaching C$4.54. The company had a trading volume of 908,301 shares, compared to its average volume of 746,413. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of C$5.05 and a 200 day moving average price of C$4.17. The firm has a market capitalization of C$989.72 million, a PE ratio of -28.38 and a beta of 1.58. Lithium Americas has a fifty-two week low of C$2.87 and a fifty-two week high of C$10.59.
Lithium Americas (TSE:LAC - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.03) by C$0.01. Analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current year.
Insider Transactions at Lithium Americas
In related news, Director Alun Robert Doyle bought 10,000 shares of Lithium Americas stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$4.47 per share, with a total value of C$44,748.00. Company insiders own 7.40% of the company's stock.
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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