Brokerages Set Lithium Americas Corp. (TSE:LAC) Target Price at C$7.50

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 been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$7.50.

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

Lithium Americas Stock Performance

TSE:LAC traded up C$0.23 during trading hours on Wednesday, hitting C$3.75. 1,570,934 shares of the company traded hands, compared to its average volume of 564,009. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$7.22. The firm has a 50-day moving average of C$3.78 and a 200 day moving average of C$3.99. The stock has a market capitalization of C$570.54 million, a price-to-earnings ratio of -19.61 and a beta of 1.58.

About Lithium Americas

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.