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

Key Points

• Lithium Americas Corp. has received a consensus recommendation of "Hold" from analysts, with two sell ratings, six holds, and one strong buy.
• The average 12-month target price for the stock is C$8.13, reflecting a mix of recent rating adjustments from various investment firms.
• The company is developing three lithium production assets, with the first expected to enter production in late 2022.

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$8.13.

LAC has been the subject of a number of research reports. National Bankshares upped their target price on shares of Lithium Americas from C$5.00 to C$10.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 2nd. Scotiabank lowered shares of Lithium Americas from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. TD Cowen lowered shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. Canaccord Genuity Group lowered shares of Lithium Americas from a "moderate buy" rating to a "sell" rating and set a C$6.25 target price for the company. in a research report on Thursday, October 2nd. Finally, Cormark lowered shares of Lithium Americas from a "moderate buy" rating to a "hold" rating in a research report on Thursday, October 2nd.

Lithium Americas Price Performance

Shares of TSE:LAC opened at C$9.53 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. The firm has a fifty day moving average price of C$6.40 and a 200 day moving average price of C$4.73. Lithium Americas has a fifty-two week low of C$3.30 and a fifty-two week high of C$14.75. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of -38.12 and a beta of 1.26.

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.

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