Lithium Americas (TSE:LAC) Rating Increased to Outperform at National Bankshares

National Bankshares upgraded shares of Lithium Americas (TSE:LAC) from a sector perform rating to an outperform rating in a research note released on Thursday, BayStreet.CA reports. They currently have C$7.25 price target on the stock, up from their previous price target of C$5.75.

Separately, Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$9.08.

Lithium Americas Price Performance

Shares of LAC stock opened at C$4.32 on Thursday. The firm’s 50 day moving average price is C$3.47 and its two-hundred day moving average price is C$4.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$11.06. The stock has a market cap of C$941.76 million, a PE ratio of -27.00 and a beta of 1.58.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). As a group, analysts forecast that Lithium Americas will post 1.3803828 EPS for the current year.

Insider Activity at Lithium Americas

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of Lithium Americas 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. 7.40% of the stock is owned by corporate 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.