Evercore ISI upgraded shares of Lithium Americas (TSE:LAC - Free Report) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
A number of other research analysts have also issued reports on LAC. Cormark upgraded Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. National Bankshares boosted their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Finally, Wedbush upgraded shares of Lithium Americas to a "hold" rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lithium Americas currently has a consensus rating of "Buy" and an average price target of C$7.50.
View Our Latest Report on Lithium Americas
Lithium Americas Price Performance
TSE LAC traded up C$0.13 during trading hours on Thursday, reaching C$3.85. The company's stock had a trading volume of 237,583 shares, compared to its average volume of 440,488. The firm has a market capitalization of C$585.75 million, a price-to-earnings ratio of -20.14 and a beta of 1.58. The company's 50-day moving average is C$3.99 and its two-hundred day moving average is C$4.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$7.22.
Lithium Americas Company Profile
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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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