Brokerages Set Lithium Americas Corp. (TSE:LAC) Price Target at C$7.50

Shares of Lithium Americas Corp. (TSE:LAC) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$7.50.

A number of brokerages have issued reports on LAC. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, National Bankshares lifted their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th.

Insider Transactions at Lithium Americas

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$4.47 per share, with a total value of C$44,748.00. Insiders own 7.40% of the company’s stock.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$4.45 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The firm has a market cap of C$970.10 million, a P/E ratio of -27.81 and a beta of 1.58. The firm’s 50 day moving average price is C$4.88 and its 200-day moving average price is C$4.23. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.59.

Lithium Americas (TSE:LAC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.03) by C$0.01. As a group, equities research analysts predict that Lithium Americas will post 1.3803828 EPS for the current year.

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.