Lithium Americas Corp. (TSE:LAC) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

Several equities analysts have weighed in on LAC shares. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Piper Sandler downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, National Bankshares raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th.

Insider Activity

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. Insiders own 7.40% of the company’s stock.

Lithium Americas Price Performance

TSE:LAC opened at C$5.48 on Monday. The business’s 50-day simple moving average is C$4.07 and its two-hundred day simple moving average is C$4.29. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.75. The stock has a market cap of C$1.19 billion, a PE ratio of -34.25 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69.

Lithium Americas (TSE:LAC) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01. As a group, analysts forecast that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

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.