Lithium Americas (TSE:LAC) Sets New 12-Month Low – What’s Next?

Lithium Americas Corp. (TSE:LAC) shares reached a new 52-week low during trading on Friday . The stock traded as low as C$2.59 and last traded at C$3.54, with a volume of 266658 shares changing hands. The stock had previously closed at C$3.81.

Analysts Set New Price Targets

A number of brokerages have issued reports on LAC. Wedbush upgraded Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. National Bankshares boosted their price target on shares of 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. Finally, Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Lithium Americas currently has an average rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Stock Performance

The stock has a market cap of C$552.28 million, a price-to-earnings ratio of -18.99 and a beta of 1.58. The company’s 50-day simple moving average is C$4.17 and its 200-day simple moving average is C$4.48. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65.

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.