Lithium Americas Corp. (TSE:LAC) Receives C$8.25 Average Target Price from Brokerages

Lithium Americas Corp. (TSE:LAC) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$8.25.

Several equities research analysts have issued reports on LAC shares. Scotia boosted their price objective on shares of Lithium Americas from C$8.50 to C$11.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. The Goldman Sachs Group upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, July 1st. Finally, National Bank Financial reduced their target price on shares of Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th.

Lithium Americas Stock Down 4.8%

TSE:LAC opened at C$4.13 on Friday. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of -8.98 and a beta of 1.26. Lithium Americas has a twelve month low of C$3.70 and a twelve month high of C$14.75. The company has a current ratio of 5.47, a quick ratio of 52.06 and a debt-to-equity ratio of 81.68. The stock has a fifty day simple moving average of C$4.91 and a 200-day simple moving average of C$5.94.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. Lithium Americas had a negative return on equity of 8.92% and a net margin of 1,429,488,235.29%. Analysts anticipate that Lithium Americas will post 1.3803828 EPS for the current year.

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. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.