Lithium Americas Corp. (TSE:LAC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Lithium Americas Corp. has received an average rating of "Moderate Buy" from five analysts, with three recommending hold, one buy, and one strong buy.
• The average 12-month price target for the stock is C$7.50, indicating potential upside from its current trading levels.
• Shares of Lithium Americas recently opened at C$3.62, with a volatile 52-week range of C$2.87 to C$7.22.

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

A number of research analysts have commented on LAC shares. Evercore ISI upgraded Lithium Americas to a "strong-buy" rating in a research note on Thursday, April 17th. National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th.

Lithium Americas Trading Up 2.4%

Shares of LAC traded up C$0.09 during mid-day trading on Wednesday, hitting C$3.84. The company had a trading volume of 749,135 shares, compared to its average volume of 565,227. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$7.22. The business's 50-day simple moving average is C$3.78 and its 200-day simple moving average is C$3.98. The stock has a market cap of C$584.23 million, a PE ratio of -20.08 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65.

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.