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

Key Points

• Consensus "Hold": Seven analysts give Lithium Americas a consensus Hold rating (five hold, one buy, one strong buy) with an average 12‑month price target of C$7.00.
• Shares opened at C$5.63, trading below the average target and within a 52‑week range of C$3.40–C$14.75; the company has a market cap of C$1.96B and a negative P/E (‑11.26), with the 50‑day SMA at C$6.11 and the 200‑day SMA at C$7.33.
• No current production: Lithium Americas is developing three lithium projects (two Argentine brine deposits, including Cauchari‑Olaroz, and the Thacker Pass clay project in Nevada) with phased production expected through the 2020s and plans to sell into the lithium chemical market.

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$7.00.

A number of brokerages have weighed in on LAC. TD Securities raised Lithium Americas to a "hold" rating in a research report on Monday, February 9th. National Bank Financial reduced their price target on shares of Lithium Americas from C$10.00 to C$7.50 and set a "sector perform" rating for the company in a research report on Friday, December 19th.

Lithium Americas Price Performance

Shares of TSE:LAC opened at C$5.63 on Monday. Lithium Americas has a fifty-two week low of C$3.40 and a fifty-two week high of C$14.75. The business has a 50-day simple moving average of C$6.11 and a two-hundred day simple moving average of C$7.33. The company has a debt-to-equity ratio of 50.27, a quick ratio of 52.06 and a current ratio of 5.16. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -11.26 and a beta of 1.26.

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.

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