Lithium Americas Corp. (TSE:LAC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$7.38.

LAC has been the subject of several research reports. National Bankshares raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$5.75 to C$7.25 in a research note on Thursday, October 17th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Finally, National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th.

Lithium Americas Price Performance

Shares of TSE LAC opened at C$5.52 on Friday. The company has a fifty day moving average price of C$4.62 and a 200 day moving average price of C$4.23. The firm has a market cap of C$1.20 billion, a PE ratio of -34.50 and a beta of 1.58. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.59.

Lithium Americas (TSE:LAC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.01. Research analysts predict that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alun Robert Doyle bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. Also, Senior Officer Oleksandr Shulga sold 24,862 shares of Lithium Americas stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$3.40, for a total value of C$84,530.80. 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.