Lithium Americas Corp. (TSE:LAC) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analyst consensus is “Hold”: Seven of nine analysts rate Lithium Americas as a hold, while two recommend buying. The average 12-month price target is C$8.25.
• Shares recently rose 6.5%: LAC opened at C$4.41, with a 52-week range of C$3.77 to C$14.75 and a market capitalization of approximately C$1.60 billion.
• Thacker Pass remains the key project: Lithium Americas is developing the Nevada site, targeting annual production of 40,000 tonnes of battery-grade lithium carbonate in Phase 1, with mechanical completion expected by late 2027.

Lithium Americas Corp. (TSE:LAC - Get Free Report) has earned an average rating of "Hold" from the nine brokerages that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$8.25.

Several equities analysts have recently issued reports on LAC shares. National Bank Financial lowered their price target on Lithium Americas from C$7.50 to C$7.25 and set a "sector perform" rating for the company 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, Scotia lifted their target price on shares of Lithium Americas from C$8.50 to C$11.00 and gave the stock a "sector outperform" rating in a report on Friday, May 15th.

Lithium Americas Stock Up 6.5%

LAC stock opened at C$4.41 on Thursday. The business has a 50 day moving average of C$4.39 and a 200 day moving average of C$5.69. The firm has a market cap of C$1.60 billion, a PE ratio of -9.59 and a beta of 1.26. Lithium Americas has a twelve month low of C$3.77 and a twelve month high of C$14.75. The company has a quick ratio of 52.06, a current ratio of 5.47 and a debt-to-equity ratio of 81.68.

Lithium Americas (TSE:LAC - Get Free Report) last released its 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%. On average, research analysts forecast that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Lithium Americas Company Profile

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and GM (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S.

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