Lithium Americas Corp. (TSE:LAC) Receives C$7.50 Average PT from Analysts

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$7.50.

A number of analysts have weighed in on the company. Evercore ISI upgraded Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th. National Bank Financial lowered Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th.

Lithium Americas Trading Down 2.2%

Shares of TSE:LAC traded down C$0.08 during trading on Tuesday, reaching C$3.49. The stock had a trading volume of 400,730 shares, compared to its average volume of 437,928. Lithium Americas has a 52 week low of C$2.87 and a 52 week 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. The firm's fifty day moving average is C$3.88 and its 200 day moving average is C$4.19. The stock has a market cap of C$530.98 million, a price-to-earnings ratio of -18.25 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.