Brokerages Set Lithium Americas Corp. (TSE:LAC) Price Target at C$9.00

Shares of Lithium Americas Corp. (TSE:LAC) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$9.00.

Several brokerages recently issued reports on LAC. National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Eight Capital raised Lithium Americas to a “strong-buy” rating in a research report on Tuesday, May 14th. Finally, National Bankshares set a C$7.00 target price on Lithium Americas and gave the company a “sector perform” rating in a research report on Thursday, June 6th.

Insider Activity

In other Lithium Americas news, Director John Kanellitsas acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of C$3.89 per share, with a total value of C$194,500.00. In other news, Director John Kanellitsas purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of C$3.89 per share, with a total value of C$194,500.00. Also, Director Jinhee Magie purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were purchased at an average cost of C$6.48 per share, for a total transaction of C$51,840.00. Insiders have acquired 88,611 shares of company stock valued at $356,678 in the last ninety days. Insiders own 7.53% of the company’s stock.

Lithium Americas Trading Down 0.8 %

Shares of TSE LAC opened at C$3.59 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 8.38 and a quick ratio of 52.06. The stock has a market capitalization of C$779.64 million, a P/E ratio of -51.29 and a beta of 1.58. Lithium Americas has a 1-year low of C$3.43 and a 1-year high of C$28.88. The business has a fifty day moving average price of C$4.77 and a 200 day moving average price of C$6.49.

Lithium Americas (TSE:LAC) last announced its earnings results on Monday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Lithium Americas had a negative net margin of 160.61% and a negative return on equity of 2.11%. Equities research analysts expect 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.