Brokerages Set Lithium Americas Corp. (TSE:LAC) PT at C$7.50

Lithium Americas Corp. (TSE:LAC) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$7.50.

LAC has been the subject of a number of recent analyst reports. National Bankshares upped their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th. Cormark raised Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, Wedbush upgraded shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th.

Lithium Americas Price Performance

LAC opened at C$4.28 on Wednesday. The company has a fifty day moving average price of C$4.53 and a two-hundred day moving average price of C$4.31. The firm has a market capitalization of C$651.18 million, a PE ratio of -22.39 and a beta of 1.58. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88.

Insider Buying and Selling

In related news, Director Alun Robert Doyle bought 10,000 shares of Lithium Americas stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is owned by company 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.