Lithium Americas (TSE:LAC) Reaches New 1-Year Low at $3.43

Lithium Americas Corp. (TSE:LAC)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$3.43 and last traded at C$3.45, with a volume of 330410 shares changing hands. The stock had previously closed at C$3.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Eight Capital upgraded Lithium Americas to a “strong-buy” rating in a report on Tuesday, May 14th. National Bankshares set a C$7.00 price target on Lithium Americas and gave the company a “sector perform” rating in a research report on Thursday, June 6th. Finally, National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$9.00.

Lithium Americas Stock Up 5.2 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38. The firm has a market cap of C$788.33 million, a price-to-earnings ratio of -51.86 and a beta of 1.58. The firm has a 50-day moving average price of C$4.92 and a two-hundred day moving average price of C$6.61.

Lithium Americas (TSE:LAC) last issued its earnings results on Monday, May 13th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. On average, sell-side analysts forecast that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Insider Transactions at Lithium Americas

In other news, Director Jinhee Magie purchased 8,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average price of C$6.48 per share, with a total value of C$51,840.00. In other news, Director Jinhee Magie purchased 8,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average price of C$6.48 per share, with a total value of C$51,840.00. Also, Senior Officer Samuel William Pigott purchased 30,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average cost of C$3.60 per share, for a total transaction of C$108,000.00. In the last 90 days, insiders have acquired 88,611 shares of company stock valued at $356,678. Corporate insiders own 7.53% of the company’s stock.

About Lithium Americas

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.