Lithium Americas Corp. (TSE:LAC) Receives C$8.13 Consensus PT from Analysts

Lithium Americas Corp. (TSE:LAC) has received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$8.13.

Several brokerages recently weighed in on LAC. Cormark downgraded shares of Lithium Americas from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 2nd. Scotiabank lowered Lithium Americas from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. TD Cowen downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. National Bankshares raised their price target on 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, Canaccord Genuity Group cut Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 price target for the company. in a report on Thursday, October 2nd.

Lithium Americas Trading Up 3.9%

Shares of Lithium Americas stock opened at C$9.40 on Monday. The company has a market capitalization of C$2.32 billion, a P/E ratio of -37.60 and a beta of 1.26. 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 fifty day moving average of C$6.94 and a 200 day moving average of C$4.93. Lithium Americas has a fifty-two week low of C$3.30 and a fifty-two week high of C$14.75.

Lithium Americas Company Profile

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.