Lithium Americas (TSE:LAC) Stock Rating Lowered by Scotiabank

Lithium Americas (TSE:LAC) was downgraded by equities researchers at Scotiabank from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on LAC. Canaccord Genuity Group cut Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 price objective on the stock. in a research report on Thursday, October 2nd. National Bankshares raised their price objective on shares of Lithium Americas from C$5.00 to C$10.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 2nd. TD Cowen lowered shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Finally, Cormark downgraded shares of Lithium Americas from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$8.13.

Lithium Americas Price Performance

TSE:LAC opened at C$11.55 on Monday. The firm has a market capitalization of C$2.79 billion, a price-to-earnings ratio of -46.20 and a beta of 1.26. Lithium Americas has a 52-week low of C$3.30 and a 52-week high of C$13.20. The stock has a fifty day moving average of C$5.16 and a 200 day moving average of C$4.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88.

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.