Lithium Americas (TSE:LAC) Trading 32.2% Higher Following Analyst Upgrade

Key Points

• Lithium Americas Corp. (TSE:LAC) saw a significant stock increase of 32.2% after National Bankshares raised its price target from C$5.00 to C$10.00, with current trading at C$12.64.
• Despite the upgrade, other analysts have mixed views, with TD Cowen downgrading to a "hold" and Canaccord Genuity setting a target of C$6.25, reflecting varied sentiment in the market.
• Lithium Americas has a market cap of C$3.05 billion and is primarily focused on lithium exploration and development in the United States and Canada, particularly with its Thacker Pass project.

Lithium Americas Corp. (TSE:LAC - Get Free Report) was up 32.2% during trading on Friday after National Bankshares raised their price target on the stock from C$5.00 to C$10.00. National Bankshares currently has a sector perform rating on the stock. Lithium Americas traded as high as C$13.00 and last traded at C$12.64. Approximately 7,329,801 shares were traded during trading, an increase of 747% from the average daily volume of 865,011 shares. The stock had previously closed at C$9.56.

LAC has been the topic of a number of other reports. TD Cowen downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 25th. Canaccord Genuity Group downgraded shares of Lithium Americas from a "moderate buy" rating to a "sell" rating and set a C$6.25 price target on the stock. in a research report on Thursday. Finally, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. 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 Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. The stock's fifty day moving average is C$4.85 and its two-hundred day moving average is C$4.22. The firm has a market cap of C$3.05 billion, a price-to-earnings ratio of -50.56 and a beta of 1.26.

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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