Lithium Americas Corp. (TSE:LAC) Receives Consensus Recommendation 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 analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$7.50.

Several equities analysts have recently issued reports on the company. National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Evercore ISI upgraded Lithium Americas to a "strong-buy" rating in a research report on Thursday, April 17th.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$3.94 on Friday. 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 business has a 50 day moving average of C$3.97 and a two-hundred day moving average of C$4.44. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$7.22. The company has a market cap of C$599.45 million, a P/E ratio of -20.61 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.

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