Lithium Americas (TSE:LAC) Rating Lowered to “Hold” at Cormark

Lithium Americas (TSE:LAC) was downgraded by investment analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages have also issued reports on LAC. National Bankshares lifted their target price on shares of Lithium Americas from C$5.00 to C$10.00 and gave the company a “sector perform” rating in a research note on Thursday. Canaccord Genuity Group lowered shares of Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 target price for the company. in a research note on Thursday. Finally, TD Cowen lowered shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$8.13.

Lithium Americas Trading Up 32.2%

Shares of TSE:LAC opened at C$12.64 on Thursday. The firm has a fifty day moving average of C$4.85 and a two-hundred day moving average of C$4.22. The firm has a market capitalization of C$3.05 billion, a P/E ratio of -50.56 and a beta of 1.26. Lithium Americas has a 12-month low of C$3.30 and a 12-month high of C$13.00. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65.

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.