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

Lithium Americas Corp. (TSE:LAC) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$7.50.

A number of analysts have commented on the stock. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. National Bankshares lifted 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 report on Friday, January 10th. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th.

Lithium Americas Price Performance

LAC opened at C$4.01 on Friday. The company has a fifty day moving average price of C$4.38 and a two-hundred day moving average price of C$4.39. 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 firm has a market capitalization of C$610.10 million, a PE ratio of -20.97 and a beta of 1.58.

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.