Lithium Americas (TSE:LAC) Raised to “Hold” at Wedbush

Lithium Americas (TSE:LAC) was upgraded by stock analysts at Wedbush to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on LAC. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bankshares raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$7.38.

Lithium Americas Price Performance

Shares of TSE LAC opened at C$4.27 on Thursday. The firm’s 50 day simple moving average is C$5.09 and its 200-day simple moving average is C$4.13. The stock has a market capitalization of C$930.86 million, a price-to-earnings ratio of -26.69 and a beta of 1.58. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. Analysts expect that Lithium Americas will post 1.3803828 EPS for the current year.

Insider Transactions at Lithium Americas

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$4.47 per share, with a total value of C$44,748.00. Company insiders own 7.40% of the company’s stock.

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.