Lithium Americas Corp. (TSE:LAC) Receives Average Rating of “Hold” from Analysts

Shares of Lithium Americas Corp. (TSE:LAC) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$7.00.

A number of analysts recently weighed in on LAC shares. Cormark upgraded shares of Lithium Americas from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 21st. TD Securities raised shares of Lithium Americas to a “hold” rating in a research note on Monday, February 9th. Scotiabank upgraded shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. National Bank Financial decreased their price target on shares of Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a report on Friday, December 19th. Finally, Canaccord Genuity Group set a C$6.50 price objective on shares of Lithium Americas and gave the company a “hold” rating in a research report on Wednesday, November 19th.

Lithium Americas Trading Down 1.9%

TSE:LAC opened at C$6.21 on Friday. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. Lithium Americas has a 1-year low of C$3.30 and a 1-year high of C$14.75. The firm has a market capitalization of C$1.88 billion, a price-to-earnings ratio of -5.75 and a beta of 1.26. The business’s 50-day moving average price is C$7.01 and its two-hundred day moving average price is C$6.86.

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.