Lithium Americas Corp. (TSE:LAC) Receives C$7.50 Consensus PT from Analysts

Lithium Americas Corp. (TSE:LAC) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. Three investment 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 1 year price target among analysts that have updated their coverage on the stock in the last year is C$7.50.

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

Lithium Americas Stock Up 1.9 %

Lithium Americas stock opened at C$4.36 on Wednesday. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.59. The company has a fifty day simple moving average of C$4.52 and a 200 day simple moving average of C$4.31. The company has a market cap of C$663.35 million, a P/E ratio of -22.80 and a beta of 1.58.

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.