Lithium Americas (TSE:LAC) Hits New 12-Month High - Time to Buy?

Key Points

• Lithium Americas' shares spiked to a new 52-week high of C$13.03 intraday but last traded at C$6.33 (previous close C$6.46), highlighting pronounced intraday volatility and heavy volume.
• Analyst sentiment is broadly cautious — one Buy and six Hold give a consensus "Hold" rating with an average price target of C$7.00, implying limited analyst upside from current levels.
• The company has no current lithium production and is developing three assets (Cauchari‑Olaroz and Pastos Grandes in Argentina, and Thacker Pass in Nevada) with staggered 2020s start dates; it has a market cap of C$2.21 billion and a negative P/E, reflecting a development-stage profile.

Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$13.03 and last traded at C$6.33, with a volume of 646226 shares trading hands. The stock had previously closed at C$6.46.

Wall Street Analysts Forecast Growth

LAC has been the subject of several recent research reports. TD Securities upgraded shares of Lithium Americas to a "hold" rating in a research report on Monday, February 9th. Wedbush upgraded shares of Lithium Americas to a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$7.00.

Lithium Americas Stock Down 1.5%

The firm has a fifty day simple moving average of C$6.11 and a 200-day simple moving average of C$7.16. The company has a market capitalization of C$2.21 billion, a P/E ratio of -12.72 and a beta of 1.26. The company has a quick ratio of 52.06, a current ratio of 5.16 and a debt-to-equity ratio of 50.27.

About Lithium Americas

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.