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

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$7.50.

Several analysts recently commented on LAC shares. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, National Bankshares lifted their price target on Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, January 10th.

Lithium Americas Price Performance

Shares of TSE LAC opened at C$3.63 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. The stock has a market capitalization of C$552.28 million, a price-to-earnings ratio of -18.99 and a beta of 1.58. The firm’s 50 day simple moving average is C$4.17 and its 200-day simple moving average is C$4.48. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59.

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.