Lithium Americas Corp. (TSE:LAC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$7.50.

Several analysts have weighed in on the stock. National Bank Financial downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th. Evercore ISI raised shares of Lithium Americas to a “strong-buy” rating in a research report on Thursday, April 17th.

Lithium Americas Stock Up 0.5%

TSE:LAC opened at C$3.90 on Friday. The company has a market cap of C$593.36 million, a PE ratio of -20.40 and a beta of 1.58. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$7.22. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is C$3.82 and its two-hundred day moving average is C$4.07.

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.