Lithium Americas (TSE:LAC) Stock Rating Upgraded by National Bankshares

National Bankshares upgraded shares of Lithium Americas (TSE:LAC) from a sector perform rating to an outperform rating in a report released on Thursday morning, BayStreet.CA reports. National Bankshares currently has C$7.25 price objective on the stock, up from their prior price objective of C$5.75.

Separately, Piper Sandler downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Two investment 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, Lithium Americas has a consensus rating of “Buy” and an average price target of C$9.08.

Lithium Americas Trading Down 3.4 %

TSE:LAC opened at C$4.32 on Thursday. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$11.06. The stock has a market cap of C$941.76 million, a P/E ratio of -27.00 and a beta of 1.58. 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 stock has a 50-day simple moving average of C$3.47 and a 200-day simple moving average of C$4.66.

Lithium Americas (TSE:LAC) last posted its earnings results on Tuesday, August 13th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). As a group, analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insider Transactions at Lithium Americas

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. Company insiders own 7.40% of the company’s stock.

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.