Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$7.50.
A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Wedbush upgraded Lithium Americas to a "hold" rating in a report on Thursday, December 19th. Cormark raised Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Finally, National Bankshares upped their price target on Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a research report on Friday, January 10th.
View Our Latest Research Report on Lithium Americas
Lithium Americas Trading Up 2.8 %
LAC traded up C$0.12 during trading on Wednesday, reaching C$4.40. The company had a trading volume of 324,040 shares, compared to its average volume of 547,474. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. Lithium Americas has a 12-month low of C$2.87 and a 12-month high of C$10.59. The company has a market cap of C$669.43 million, a price-to-earnings ratio of -23.01 and a beta of 1.58. The firm's 50-day simple moving average is C$4.52 and its 200 day simple moving average is C$4.31.
About Lithium Americas
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Get Free ReportLithium 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.
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