Lithium Americas Corp. (TSE:LAC) Receives C$7.50 Average Price Target from Analysts

Lithium Americas Corp. (TSE:LAC) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$7.50.

Several research analysts have recently issued reports on the company. National Bankshares raised their price target on Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd.

Lithium Americas Price Performance

Shares of LAC stock opened at C$4.36 on Wednesday. The firm’s 50 day moving average price is C$4.52 and its two-hundred day moving average price is C$4.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.59. The stock has a market cap of C$663.35 million, a PE ratio of -22.80 and a beta of 1.58.

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.