Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) were down 4.4% on Wednesday . The company traded as low as C$5.97 and last traded at C$6.03. Approximately 176,232 shares were traded during trading, a decline of 77% from the average daily volume of 766,160 shares. The stock had previously closed at C$6.31.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on LAC shares. Piper Sandler lowered Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, National Bankshares upgraded Lithium Americas from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$7.38.
Check Out Our Latest Report on LAC
Lithium Americas Trading Down 9.4 %
The stock has a market capitalization of C$1.25 billion, a PE ratio of -35.75 and a beta of 1.58. 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 50 day moving average price of C$3.73 and a 200-day moving average price of C$4.48.
Lithium Americas (TSE:LAC - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.04). Sell-side analysts expect that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.
Insider Transactions at Lithium Americas
In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total value of C$84,530.80. Company insiders own 7.40% of the company's stock.
About Lithium Americas
(
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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