National Bankshares Issues Positive Forecast for Lithium Americas (TSE:LAC) Stock Price

Lithium Americas (TSE:LAC) had its price objective boosted by National Bankshares from C$5.00 to C$10.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other analysts have also issued reports about the stock. Canaccord Genuity Group lowered shares of Lithium Americas from a “speculative buy” rating to a “sell” rating and set a C$6.25 price target on the stock. in a research report on Thursday. TD Cowen downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lithium Americas presently has a consensus rating of “Hold” and a consensus target price of C$8.13.

Lithium Americas Stock Down 2.5%

LAC stock opened at C$9.56 on Thursday. The company’s 50 day simple moving average is C$4.68 and its 200-day simple moving average is C$4.17. The firm has a market capitalization of C$2.31 billion, a PE ratio of -38.24 and a beta of 1.26. Lithium Americas has a 12 month low of C$3.30 and a 12 month high of C$10.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06.

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.