Brokerages Set Lithium Americas Corp. (TSE:LAC) Target Price at C$7.38

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$7.38.

A number of research firms have recently commented on LAC. Piper Sandler cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. National Bankshares upgraded Lithium Americas from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Finally, BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd.

Lithium Americas Stock Performance

LAC stock traded down C$0.10 during midday trading on Monday, reaching C$5.85. The stock had a trading volume of 1,065,524 shares, compared to its average volume of 789,639. The stock has a market cap of C$1.28 billion, a PE ratio of -34.94 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The firm has a fifty day simple moving average of C$3.86 and a two-hundred day simple moving average of C$4.36. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.75.

Lithium Americas (TSE:LAC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). As a group, equities research analysts anticipate that Lithium Americas will post 1.3803828 EPS for the current year.

Insider Activity

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of Lithium Americas stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. Corporate insiders own 7.40% of the company's stock.

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.