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

Lithium Americas Corp. (TSE:LAC - Get Free Report) has earned an average rating of "Buy" from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have issued a strong buy recommendation on 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.

Several equities research analysts have recently weighed in on LAC shares. Cormark upgraded Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. National Bankshares upped their price target on Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a research report on Friday, January 10th. Finally, Evercore ISI raised Lithium Americas to a "strong-buy" rating in a report on Thursday, April 17th.

Lithium Americas Price Performance

TSE LAC traded down C$0.07 on Monday, reaching C$3.96. The company's stock had a trading volume of 528,120 shares, compared to its average volume of 434,844. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$7.22. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The firm has a market cap of C$602.49 million, a PE ratio of -20.71 and a beta of 1.58. The business has a 50-day moving average price of C$3.95 and a 200 day moving average price of C$4.52.

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.