Edward Grandy Sells 4,894 Shares of Lithium Americas Corp. (TSE:LAC) Stock

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of Lithium Americas stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$4.71, for a total value of C$23,051.21.

Lithium Americas Trading Down 0.2 %

LAC stock opened at C$4.70 on Friday. The business’s 50-day moving average is C$5.07 and its 200 day moving average is C$4.16. Lithium Americas Corp. has a 12-month low of C$2.87 and a 12-month high of C$10.59. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The stock has a market cap of C$1.02 billion, a price-to-earnings ratio of -29.38 and a beta of 1.58.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results 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. On average, sell-side analysts anticipate that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Finally, National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$7.38.

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.