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

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

Several equities analysts have commented on the stock. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research 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 Price Performance

Shares of LAC stock traded up C$0.04 during mid-day trading on Friday, hitting C$3.96. 340,850 shares of the stock were exchanged, compared to its average volume of 478,841. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$7.22. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of C$3.82 and a 200 day moving average of C$4.06. The company has a market cap of C$602.49 million, a PE ratio of -20.71 and a beta of 1.58.

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.