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

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$7.50.

LAC has been the topic of a number of recent research reports. National Bank Financial cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Evercore ISI raised Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th.

Lithium Americas Stock Performance

Shares of LAC opened at C$3.63 on Tuesday. The stock's 50-day simple moving average is C$3.89 and its 200 day simple moving average is C$4.22. The stock has a market capitalization of C$552.28 million, a price-to-earnings ratio of -18.99 and a beta of 1.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$7.22.

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.

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