Lithium Americas (TSE:LAC) Raised to Hold at Canaccord Genuity Group

Lithium Americas (TSE:LAC) was upgraded by investment analysts at Canaccord Genuity Group from a “sell” rating to a “hold” rating in a report issued on Tuesday, MarketBeat Ratings reports.

Several other research analysts have also commented on LAC. Scotiabank upgraded shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. TD Cowen lowered shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. National Bankshares lifted their target price on shares of Lithium Americas from C$5.00 to C$10.00 and gave the company a “sector perform” rating in a report on Thursday, October 2nd. Finally, Cormark cut shares of Lithium Americas from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$8.25.

Lithium Americas Stock Performance

Lithium Americas stock opened at C$7.21 on Tuesday. The company has a market cap of C$2.19 billion, a price-to-earnings ratio of -6.68 and a beta of 1.26. Lithium Americas has a 12 month low of C$3.30 and a 12 month high of C$14.75. 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 stock’s 50-day moving average is C$8.07 and its 200-day moving average is C$5.35.

About Lithium Americas

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s.