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

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$7.50.

Several equities research analysts have recently issued reports on the company. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. National Bankshares increased their price target on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Cormark upgraded Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, Wedbush upgraded Lithium Americas to a “hold” rating in a research note on Thursday, December 19th.

Lithium Americas Trading Down 0.9 %

TSE LAC opened at C$4.52 on Friday. The firm has a market capitalization of C$985.36 million, a P/E ratio of -28.25 and a beta of 1.58. The business has a fifty day simple moving average of C$4.84 and a 200 day simple moving average of C$4.25. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. 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 (TSE:LAC) last announced its earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.03) by C$0.01. On average, analysts predict that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Activity

In other news, Director Alun Robert Doyle acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$4.47 per share, with a total value of C$44,748.00. Corporate insiders own 7.40% 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.