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

Key Points

• Lithium Americas Corp. has been given a consensus rating of "Moderate Buy" by five brokerages, with three analysts rating it as a hold, one as a buy, and another as a strong buy.
• The average 12-month price target for Lithium Americas shares is C$7.50, while its stock recently opened at C$8.35, reflecting a range of price performance over the past year.
• The company has a strong financial position with a current ratio of 13.88 and a debt-to-equity ratio of 0.65, indicating good liquidity and low leverage.

Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating 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.

Separately, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a report on Wednesday, August 20th.

Lithium Americas Price Performance

Shares of TSE:LAC opened at C$8.35 on Thursday. Lithium Americas has a twelve month low of C$3.25 and a twelve month high of C$8.75. The company's 50 day moving average is C$4.12 and its 200 day moving average is C$3.96. 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 market cap of C$2.02 billion, a PE ratio of -33.40 and a beta of 1.26.

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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