Lithium Americas Corp. (TSE:LAC) Director Jinhee Magie Purchases 8,000 Shares

Lithium Americas Corp. (TSE:LAC) Director Jinhee Magie bought 8,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was bought at an average price of C$6.48 per share, for a total transaction of C$51,840.00.

Lithium Americas Price Performance

Lithium Americas stock opened at C$6.05 on Friday. The company has a quick ratio of 52.06, a current ratio of 8.38 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of C$979.98 million, a PE ratio of -201.67 and a beta of 1.58. The firm’s 50-day simple moving average is C$7.86 and its 200 day simple moving average is C$8.37. Lithium Americas Corp. has a 52 week low of C$5.17 and a 52 week high of C$31.34.

Lithium Americas (TSE:LAC) last released its earnings results on Friday, March 15th. The company reported C($0.11) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.07). On average, equities research analysts predict that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$22.75.

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.