Lithium Americas Corp. (TSE:LAC) Receives C$7.50 Average PT from Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$7.50.

Several brokerages have commented on LAC. National Bankshares lifted their price target on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Finally, Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th.

Lithium Americas Trading Up 4.0 %

Shares of TSE:LAC opened at C$4.17 on Friday. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. The company has a market cap of C$634.44 million, a P/E ratio of -21.81 and a beta of 1.58. The stock’s 50-day moving average is C$4.37 and its 200-day moving average is C$4.40.

Lithium Americas Company Profile

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.