Lithium Americas Corp. (TSE:LAC) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Lithium Americas Corp. has received an average rating of "Moderate Buy" from five analysts, with three holding, one buying, and one giving a strong buy rating.
• The stock has a 12-month average target price of C$7.50 and has recently experienced fluctuations, opening at C$4.11 with a 12-month low of C$2.87 and a high of C$7.22.
• National Bank Financial downgraded Lithium Americas from a "strong-buy" to a "hold" rating on May 16, while Cormark upgraded it to "moderate buy" on August 20.

Lithium Americas Corp. (TSE:LAC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$7.50.

Several equities analysts have issued reports on the company. National Bank Financial lowered Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Cormark raised Lithium Americas to a "moderate buy" rating in a report on Wednesday, August 20th.

Lithium Americas Stock Performance

Shares of LAC stock traded down C$0.05 during mid-day trading on Friday, hitting C$3.88. 799,913 shares of the stock were exchanged, compared to its average volume of 590,948. The stock's fifty day simple moving average is C$3.91 and its two-hundred day simple moving average is C$3.92. The stock has a market capitalization of C$937.65 million, a price-to-earnings ratio of -15.52 and a beta of 1.26. Lithium Americas has a 12-month low of C$2.87 and a 12-month high of C$7.22. 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 Company Profile

Lithium 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.