Shares of Lithium Americas Corp. (TSE:LAC - Get Free Report) were down 27.8% during mid-day trading on Thursday . The stock traded as low as C$6.42 and last traded at C$6.61. Approximately 804,613 shares were traded during trading, an increase of 34% from the average daily volume of 600,825 shares. The stock had previously closed at C$9.16.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. lowered their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a "neutral" rating for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$22.75.
Get Our Latest Analysis on Lithium Americas
Lithium Americas Price Performance
The company's fifty day moving average is C$7.81 and its 200 day moving average is C$8.76. The firm has a market cap of C$1.04 billion, a price-to-earnings ratio of -213.67 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 8.38 and a debt-to-equity ratio of 0.97.
Lithium Americas (TSE:LAC - Get Free Report) last announced its earnings results on Friday, March 15th. The company reported C($0.11) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.07). On average, equities research analysts predict that Lithium Americas Corp. will post 1.3803828 EPS for the current year.
Insider Buying and Selling
In other news, Director Juan Diego Lopez Casanello purchased 10,000 shares of the business's stock in a transaction on Friday, January 19th. The stock was purchased at an average price of C$4.54 per share, for a total transaction of C$45,400.00. 0.38% of the stock is currently owned by corporate insiders.
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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