Analysts Set Lithium Americas Corp. (TSE:LAC) Target Price at C$7.50

Lithium Americas Corp. (TSE:LAC) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$7.50.

Several equities analysts have commented on LAC shares. Wedbush raised shares of Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research report 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 lifted their target price on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday, January 10th.

Insider Buying and Selling at Lithium Americas

In other Lithium Americas news, Director Alun Robert Doyle acquired 10,000 shares of Lithium Americas stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. Corporate insiders own 7.40% of the company’s stock.

Lithium Americas Stock Performance

Shares of Lithium Americas stock opened at C$5.11 on Friday. The business has a 50-day simple moving average of C$4.93 and a 200 day simple moving average of C$4.22. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of -31.94 and a beta of 1.58.

Lithium Americas (TSE:LAC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.03) by C$0.01. On average, research analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

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.