Lithium Americas (TSE:LAC) Stock Passes Below 200-Day Moving Average - What's Next?

Key Points

• Lithium Americas (TSE:LAC) slid below its 200‑day moving average of C$7.21, trading as low as C$5.35 and last at C$5.38 on volume of 782,385 shares, down about 4.1%.
• Analyst sentiment is mixed with a consensus rating of Hold and a C$7.00 consensus price target; one analyst is a Strong Buy, one a Buy and five are Holds, while National Bank cut its target from C$10.00 to C$7.50 and TD raised to Hold.
• The company has no current lithium production (market cap C$1.87B) and is developing three projects—Cauchari‑Olaroz, Thacker Pass and Pastos Grandes—expected to enter production from late‑2022 through the late‑2020s.

Lithium Americas Corp. (TSE:LAC - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.21 and traded as low as C$5.35. Lithium Americas shares last traded at C$5.38, with a volume of 782,385 shares trading hands.

Analyst Ratings Changes

Several research firms have commented on LAC. TD Securities raised shares of Lithium Americas to a "hold" rating in a report on Monday, February 9th. National Bank Financial decreased their target price on Lithium Americas from C$10.00 to C$7.50 and set a "sector perform" rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Lithium Americas currently has a consensus rating of "Hold" and a consensus price target of C$7.00.

Lithium Americas Trading Down 4.1%

The stock has a fifty day moving average of C$6.65 and a 200-day moving average of C$7.21. The company has a market cap of C$1.87 billion, a PE ratio of -10.76 and a beta of 1.26. The company has a debt-to-equity ratio of 50.27, a quick ratio of 52.06 and a current ratio of 5.16.

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.

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