Lithium Americas (TSE:LAC) Stock Price Up 30.4% - What's Next?

Key Points

• Lithium Americas Corp. stock surged 30.4% to C$10.37 after trading as high as C$10.50, with a significant increase in trading volume of 5.1 million shares, up 539% from the average.
• Market analysts have mixed views, with TD Cowen downgrading the stock to a "hold" rating while Cormark upgraded it to "moderate buy," leading to an average rating of "Moderate Buy" and a consensus target price of C$7.50.
• The company's current financial metrics include a market capitalization of C$2.38 billion, a P/E ratio of -39.36, and a debt-to-equity ratio of 0.65, highlighting its underlying financial structure and volatility.

Lithium Americas Corp. (TSE:LAC - Get Free Report) rose 30.4% during mid-day trading on Wednesday . The company traded as high as C$10.50 and last traded at C$10.37. Approximately 5,145,249 shares traded hands during mid-day trading, an increase of 539% from the average daily volume of 804,705 shares. The stock had previously closed at C$7.95.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LAC shares. TD Cowen cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. Cormark raised Lithium Americas to a "moderate buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$7.50.

Lithium Americas Price Performance

The firm has a market capitalization of C$2.38 billion, a P/E ratio of -39.36 and a beta of 1.26. The business has a fifty day moving average of C$4.47 and a 200-day moving average of C$4.09. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88.

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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