Analysts Set Lithium Americas Corp. (TSE:LAC) Target Price at C$7.38

Shares of Lithium Americas Corp. (TSE:LAC) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$7.38.

Several research analysts have recently commented on LAC shares. National Bankshares upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$5.75 to C$7.25 in a research note on Thursday, October 17th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th.

Lithium Americas Stock Down 1.6 %

Shares of TSE:LAC opened at C$5.46 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The company has a market cap of C$1.19 billion, a PE ratio of -34.13 and a beta of 1.58. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59. The firm has a 50 day simple moving average of C$4.80 and a 200 day simple moving average of C$4.22.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.01. As a group, research analysts expect that Lithium Americas will post 1.3803828 earnings per share for the current year.

Insiders Place Their Bets

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of C$4.47 per share, with a total value of C$44,748.00. Also, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction that occurred 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. Company insiders own 7.40% of the company’s stock.

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.