Lithium Americas (TSE:LAC) Lowered to Hold Rating by TD Cowen

Key Points

• Lithium Americas has been downgraded from a "strong-buy" to a "hold" rating by TD Cowen, as reported on Thursday.
• Cormark recently upgraded the company to a "moderate buy" rating, reflecting mixed sentiments from analysts, with one Strong Buy and four Hold ratings.
• The current consensus target price for Lithium Americas shares is C$7.50, with its stock recently opening at C$10.28.

Lithium Americas (TSE:LAC - Get Free Report) was downgraded by analysts at TD Cowen from a "strong-buy" rating to a "hold" rating in a report released on Thursday,Zacks.com reports.

Separately, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$7.50.

Lithium Americas Price Performance

Shares of TSE:LAC opened at C$10.28 on Thursday. 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$2.48 billion, a P/E ratio of -41.12 and a beta of 1.26. Lithium Americas has a 52 week low of C$3.30 and a 52 week high of C$10.48. The company has a 50-day moving average price of C$4.24 and a 200 day moving average price of C$4.01.

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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