Lithium Americas (TSE:LAC - Get Free Report) was upgraded by BMO Capital Markets to a "hold" rating in a report released on Wednesday, Zacks.com reports.
A number of other equities research analysts have also weighed in on the company. National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. National Bankshares upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Finally, Piper Sandler downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$9.08.
Get Our Latest Stock Report on Lithium Americas
Lithium Americas Stock Up 7.4 %
Lithium Americas stock traded up C$0.35 during midday trading on Wednesday, hitting C$5.09. 1,547,334 shares of the company's stock were exchanged, compared to its average volume of 744,229. 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 company has a market cap of C$1.11 billion, a PE ratio of -31.69 and a beta of 1.58. The firm has a 50-day moving average of C$3.59 and a two-hundred day moving average of C$4.56. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.75.
Lithium Americas (TSE:LAC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.04). As a group, analysts expect that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.
Insider Transactions at Lithium Americas
In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the company's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$3.40, for a total value of C$84,530.80. Corporate 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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