Lithium Americas (TSE:LAC) Insider Sells C$30,149.79 in Stock

Lithium Americas Corp. (TSE:LAC) insider Timothy Crowley sold 4,763 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of C$6.33, for a total value of C$30,149.79. Following the transaction, the insider directly owned 128,795 shares in the company, valued at C$815,272.35. This trade represents a 3.57% decrease in their position.

Lithium Americas Trading Down 5.4%

Shares of LAC opened at C$6.66 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. Lithium Americas Corp. has a 52-week low of C$3.30 and a 52-week high of C$14.75. The firm has a market cap of C$2.02 billion, a price-to-earnings ratio of -6.17 and a beta of 1.26. The business’s fifty day moving average is C$8.16 and its 200-day moving average is C$5.76.

Analysts Set New Price Targets

Several brokerages recently commented on LAC. Scotiabank raised shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. TD Cowen cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. National Bankshares raised their price objective on Lithium Americas from C$5.00 to C$10.00 and gave the company a “sector perform” rating in a report on Thursday, October 2nd. Canaccord Genuity Group set a C$6.50 target price on Lithium Americas and gave the stock a “hold” rating in a report on Wednesday, November 19th. Finally, Cormark raised Lithium Americas from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$8.25.

About Lithium Americas

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s.