Lithium Americas (TSE:LAC) Price Target Raised to C$10.00

Lithium Americas (TSE:LAC) had its price objective hoisted by National Bankshares from C$5.00 to C$10.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

LAC has been the topic of a number of other reports. TD Cowen downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research report on Wednesday, August 20th. Finally, Canaccord Genuity Group downgraded shares of Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 price objective on the stock. in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$8.13.

Lithium Americas Stock Up 32.2%

LAC stock opened at C$12.64 on Thursday. Lithium Americas has a 52-week low of C$3.30 and a 52-week high of C$13.00. The company’s 50 day simple moving average is C$4.85 and its 200-day simple moving average is C$4.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. The firm has a market capitalization of C$3.05 billion, a P/E ratio of -50.56 and a beta of 1.26.

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.