Wedbush upgraded shares of Lithium Americas (TSE:LAC - Free Report) to a hold rating in a report published on Thursday,Zacks.com reports.
A number of other equities research analysts have also weighed in on the stock. National Bankshares upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. National Bank Financial raised shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$7.38.
Read Our Latest Stock Analysis on Lithium Americas
Lithium Americas Trading Up 1.2 %
Lithium Americas stock traded up C$0.05 during midday trading on Thursday, reaching C$4.27. The stock had a trading volume of 487,042 shares, compared to its average volume of 806,478. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.59. The company has a fifty day moving average of C$5.08 and a 200 day moving average of C$4.14. The firm has a market cap of C$930.86 million, a price-to-earnings ratio of -26.69 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.
Lithium Americas (TSE:LAC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.01. On average, analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.
Insider Buying and Selling at Lithium Americas
In related news, Director Alun Robert Doyle bought 10,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$4.47 per share, for a total transaction of C$44,748.00. Insiders own 7.40% of the company's stock.
About Lithium Americas
(
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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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