Lithium Americas Corp. (TSE:LAC) Given Consensus Rating of “Buy” by Analysts

Shares of Lithium Americas Corp. (TSE:LAC – Get Rating) have been given an average rating of “Buy” by the eleven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$43.80.

LAC has been the subject of several analyst reports. TD Securities dropped their price target on shares of Lithium Americas from C$45.00 to C$44.00 and set a “hold” rating for the company in a research report on Friday, March 18th. Canaccord Genuity Group dropped their price target on shares of Lithium Americas from C$54.00 to C$50.00 in a research report on Friday, March 18th.

Shares of Lithium Americas stock traded down C$0.68 during trading on Friday, reaching C$31.55. The company’s stock had a trading volume of 949,782 shares, compared to its average volume of 1,115,400. Lithium Americas has a 52-week low of C$16.03 and a 52-week high of C$53.09. The company has a market cap of C$4.24 billion and a price-to-earnings ratio of -75.48. The firm’s 50-day moving average is C$36.39 and its two-hundred day moving average is C$37.42. The company has a quick ratio of 62.09, a current ratio of 64.51 and a debt-to-equity ratio of 50.97.

Lithium Americas (TSE:LAC – Get Rating) last announced its quarterly earnings results on Wednesday, March 16th. The company reported C($0.13) earnings per share for the quarter, meeting the consensus estimate of C($0.13). On average, equities research analysts anticipate that Lithium Americas will post 0.81 EPS for the current year.

In related news, Senior Officer Eduard Epshtein sold 9,762 shares of the stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of C$43.02, for a total value of C$419,961.24. Following the completion of the transaction, the insider now directly owns 919,720 shares in the company, valued at approximately C$39,566,354.40. Also, Senior Officer Rene James William Leblanc sold 37,900 shares of the stock in a transaction dated Monday, March 28th. The stock was sold at an average price of C$43.26, for a total transaction of C$1,639,394.82. Following the completion of the transaction, the insider now owns 82,081 shares of the company’s stock, valued at C$3,550,479.32.

About Lithium Americas (Get Rating)

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.

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