Lithium Americas (TSE:LAC) Shares Cross Below 200 Day Moving Average of $5.26

Lithium Americas Corp. (TSE:LAC - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.26 and traded as low as C$3.09. Lithium Americas shares last traded at C$3.15, with a volume of 386,806 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LAC shares. National Bank Financial upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, June 5th. Piper Sandler downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Finally, National Bankshares set a C$7.00 price target on Lithium Americas and gave the company a "sector perform" rating in a research report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$9.00.

Lithium Americas Stock Performance

The stock has a market capitalization of C$721.58 million, a price-to-earnings ratio of -20.75 and a beta of 1.58. 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 company has a 50 day simple moving average of C$3.46 and a 200-day simple moving average of C$5.26.

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 (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.04). As a group, equities research analysts expect that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.

Insider Buying and Selling at Lithium Americas

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is currently owned by company 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.