Lithium Americas (TSE:LAC) Downgraded by Cormark to "Hold"

Key Points

• Lithium Americas has been downgraded by Cormark from a "moderate buy" to a "hold" rating, reflecting a cautious outlook on the stock.
• Other analysts have also lowered their ratings, with TD Cowen changing their view to "hold" and Canaccord Genuity moving from a "speculative buy" to a "sell," indicating growing concerns about the stock's performance.
• The current average rating for Lithium Americas is "hold," with an average target price set at C$8.13.

Lithium Americas (TSE:LAC - Get Free Report) was downgraded by stock analysts at Cormark from a "moderate buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently issued reports on LAC. TD Cowen cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. National Bankshares upped their price target on Lithium Americas from C$5.00 to C$10.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, Canaccord Genuity Group cut Lithium Americas from a "speculative buy" rating to a "sell" rating and set a C$6.25 price target on the stock. in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$8.13.

Lithium Americas Stock Down 2.5%

LAC opened at C$9.56 on Thursday. The business has a 50 day moving average price of C$4.68 and a two-hundred day moving average price of C$4.17. 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 company has a market cap of C$2.31 billion, a PE ratio of -38.24 and a beta of 1.26. Lithium Americas has a 52 week low of C$3.30 and a 52 week high of C$10.50.

About Lithium Americas

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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