Brokerages Set Lithium Americas Corp. (TSE:LAC) PT at C$9.00

Lithium Americas Corp. (TSE:LAC) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$9.00.

Several equities analysts have recently weighed in on the company. National Bankshares set a C$7.00 target price on Lithium Americas and gave the company a “sector perform” rating in a research report on Thursday, June 6th. Piper Sandler downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, National Bank Financial upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th.

Lithium Americas Stock Performance

TSE LAC opened at C$3.31 on Friday. The company has a market cap of C$721.58 million, a PE ratio of -20.69 and a beta of 1.58. The stock’s 50 day simple moving average is C$3.48 and its 200-day simple moving average is C$5.32. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$28.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.

Lithium Americas (TSE:LAC) last released its 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 fiscal year.

Insider Buying and Selling

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of Lithium Americas stock in a transaction dated Friday, September 13th. The stock was 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 insiders.

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.