Lithium Americas Corp. (TSE:LAC) Receives C$7.50 Consensus Target Price from Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Four 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 brokers that have issued ratings on the stock in the last year is C$7.50.

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

Insiders Place Their Bets

In other news, Director Alun Robert Doyle bought 10,000 shares of the business’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, for a total transaction of C$44,748.00. Company insiders own 7.40% of the company’s stock.

Lithium Americas Stock Down 0.9 %

Shares of TSE LAC opened at C$4.52 on Friday. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The company has a market cap of C$985.36 million, a price-to-earnings ratio of -28.25 and a beta of 1.58. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. The stock has a 50-day moving average price of C$4.84 and a two-hundred day moving average price of C$4.25.

Lithium Americas (TSE:LAC) last released its quarterly earnings data 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. As a group, analysts forecast that Lithium Americas will post 1.3803828 earnings per share 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.