Lithium Americas Corp. (TSE:LAC) Receives Consensus Recommendation of "Buy" from Analysts

Lithium Americas Corp. (TSE:LAC - Get Free Report) has earned an average rating of "Buy" from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$7.50.

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

Lithium Americas Price Performance

LAC stock traded up C$0.04 during trading on Monday, hitting C$4.06. The company had a trading volume of 51,728 shares, compared to its average volume of 427,343. 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 company has a fifty day moving average price of C$3.95 and a two-hundred day moving average price of C$4.51. Lithium Americas has a fifty-two week low of C$2.87 and a fifty-two week high of C$7.22. The company has a market cap of C$617.70 million, a P/E ratio of -21.24 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.