Lithium Americas (TSE:LAC) Upgraded to “Outperform” at National Bankshares

Lithium Americas (TSE:LAC) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report issued on Thursday, BayStreet.CA reports. The firm presently has a C$7.25 price target on the stock, up from their prior price target of C$5.75. National Bankshares’ price target would suggest a potential upside of 62.19% from the stock’s previous close.

Separately, Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$9.08.

Lithium Americas Stock Down 1.1 %

Shares of LAC traded down C$0.05 during mid-day trading on Thursday, hitting C$4.47. 2,953,045 shares of the company’s stock were exchanged, compared to its average volume of 717,984. The stock has a market cap of C$974.46 million, a price-to-earnings ratio of -27.38 and a beta of 1.58. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$12.26. The firm has a fifty day moving average of C$3.42 and a two-hundred day moving average of C$4.76. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69.

Lithium Americas (TSE:LAC) last posted its earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). On average, sell-side analysts forecast that Lithium Americas will post 1.3803828 earnings per share for the current year.

Insider Activity

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of Lithium Americas stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total value of C$84,530.80. 7.40% of the stock is currently owned by company insiders.

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.