Lithium Americas (TSE:LAC) Stock Rating Upgraded by TD Securities

Lithium Americas (TSE:LAC) was upgraded by stock analysts at TD Securities to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Cormark upgraded Lithium Americas from a “hold” rating to a “moderate buy” rating in a report on Friday, November 21st. Scotiabank raised Lithium Americas from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. National Bankshares reduced their target price on shares of Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating on the stock in a report on Friday, December 19th. Finally, Canaccord Genuity Group set a C$6.50 price target on shares of Lithium Americas and gave the stock a “hold” rating in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$7.00.

Lithium Americas Price Performance

Lithium Americas stock opened at C$6.43 on Monday. 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 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$1.95 billion, a PE ratio of -5.95 and a beta of 1.26. The company’s 50 day moving average is C$7.18 and its two-hundred day moving average is C$6.73.

Insider Activity at Lithium Americas

In other Lithium Americas news, insider Timothy Crowley sold 4,763 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of C$6.33, for a total transaction of C$30,149.79. Following the sale, the insider owned 128,795 shares of the company’s stock, valued at approximately C$815,272.35. This trade represents a 3.57% decrease in their ownership of the stock. Also, insider Edward Grandy sold 6,183 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of C$6.33, for a total transaction of C$39,138.39. Following the sale, the insider owned 135,466 shares of the company’s stock, valued at C$857,499.78. This represents a 4.37% decrease in their position. Over the last three months, insiders have sold 21,827 shares of company stock valued at $138,165. Company insiders own 7.40% of the company’s stock.

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. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.