Lithium Americas (TSE:LAC) Reaches New 1-Year Low at $3.43

Lithium Americas Corp. (TSE:LAC)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$3.43 and last traded at C$3.45, with a volume of 330410 shares. The stock had previously closed at C$3.64.

Analysts Set New Price Targets

A number of research firms have commented on LAC. National Bankshares set a C$7.00 target price on Lithium Americas and gave the stock a “sector perform” rating in a report on Thursday, June 6th. Eight Capital raised Lithium Americas to a “strong-buy” rating in a report on Tuesday, May 14th. Finally, National Bank Financial raised Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$9.00.

Lithium Americas Trading Up 5.2 %

The company has a market capitalization of C$788.33 million, a price-to-earnings ratio of -51.86 and a beta of 1.58. The firm has a 50-day moving average price of C$4.92 and a 200-day moving average price of C$6.61. The company has a current ratio of 8.38, a quick ratio of 52.06 and a debt-to-equity ratio of 0.97.

Lithium Americas (TSE:LAC) last issued its earnings results on Monday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. As a group, sell-side analysts predict that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Samuel William Pigott bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of C$3.60 per share, for a total transaction of C$108,000.00. In related news, Senior Officer Samuel William Pigott bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average cost of C$3.60 per share, for a total transaction of C$108,000.00. Also, Director John Kanellitsas bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average cost of C$3.89 per share, with a total value of C$194,500.00. Insiders have purchased 88,611 shares of company stock worth $356,678 in the last three months. 7.53% of the stock is currently owned by insiders.

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.