Lithium Americas Corp. (TSE:LAC) Given Average Rating of "Hold" by Brokerages

Key Points

• Seven analysts give a consensus recommendation of Hold (six holds, one buy) on Lithium Americas, with an average 12‑month price target of C$7.00.
• Shares dropped 5.7%, opening at C$7.71; the company has a market cap of C$2.69 billion, a negative PE of -15.42, and a 52‑week range of C$3.40–C$14.75.
• Lithium Americas is developing three lithium production assets—two brine projects in Argentina (Cauchari‑Olaroz, Pastos Grandes) and a clay project in Nevada (Thacker Pass)—with Cauchari‑Olaroz expected to enter production in late‑2022, Thacker Pass in the mid‑2020s, and Pastos Grandes in the late‑2020s.

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$7.00.

Several equities analysts have recently commented on the company. Wedbush raised Lithium Americas to a "hold" rating in a report on Monday, April 20th. TD Securities raised Lithium Americas to a "hold" rating in a report on Monday, February 9th.

Lithium Americas Stock Down 5.7%

TSE:LAC opened at C$7.71 on Friday. The firm has a market capitalization of C$2.69 billion, a PE ratio of -15.42 and a beta of 1.26. The stock has a 50 day moving average of C$6.26 and a 200-day moving average of C$6.87. Lithium Americas has a 52 week low of C$3.40 and a 52 week high of C$14.75. The company has a current ratio of 5.16, a quick ratio of 52.06 and a debt-to-equity ratio of 50.27.

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

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