Analysts Set Lithium Americas Corp. (TSE:LAC) Price Target at C$9.00

Shares of Lithium Americas Corp. (TSE:LAC) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$9.00.

A number of brokerages have issued reports on LAC. National Bank Financial raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Piper Sandler downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, 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.

Lithium Americas Stock Performance

The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average price is C$3.47 and its 200-day moving average price is C$5.28. The company has a market capitalization of C$677.98 million, a P/E ratio of -20.44 and a beta of 1.58. Lithium Americas has a one year low of C$2.87 and a one year high of C$25.36.

Lithium Americas (TSE:LAC) last released its quarterly 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, research analysts forecast that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Activity

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 shares were sold at an average price of C$3.40, for a total value of C$84,530.80. Corporate 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.