Lithium Americas Corp. (TSE:LAC) Given Consensus Rating of “Hold” by Analysts

Lithium Americas Corp. (TSE:LAC) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$7.00.

LAC has been the subject of several analyst reports. Cormark upgraded Lithium Americas from a “hold” rating to a “moderate buy” rating in a research note on Friday, November 21st. National Bank Financial lowered their target price on Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, December 19th. TD Securities raised Lithium Americas to a “hold” rating in a report on Monday, February 9th. Finally, Canaccord Genuity Group set a C$6.50 price target on Lithium Americas and gave the stock a “hold” rating in a research report on Wednesday, November 19th.

Lithium Americas Stock Down 4.4%

Shares of LAC stock opened at C$5.87 on Thursday. The company has a current ratio of 3.77, a quick ratio of 52.06 and a debt-to-equity ratio of 85.22. Lithium Americas has a 12 month low of C$3.30 and a 12 month high of C$14.75. The stock has a market cap of C$1.78 billion, a P/E ratio of -5.44 and a beta of 1.26. The company has a 50 day simple moving average of C$6.95 and a two-hundred day simple moving average of C$7.17.

Lithium Americas Company Profile

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.