Lithium Americas (TSE:LAC) Upgraded by BMO Capital Markets to Hold

BMO Capital Markets upgraded shares of Lithium Americas (TSE:LAC) to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. Finally, National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$9.08.

Lithium Americas Price Performance

Shares of LAC opened at C$4.74 on Wednesday. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$10.75. The stock has a market cap of C$1.03 billion, a P/E ratio of -29.63 and a beta of 1.58. The stock’s 50-day moving average price is C$3.59 and its two-hundred day moving average price is C$4.56.

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

Insider Buying and Selling

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm’s stock in a transaction on 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.