Lithium Americas (TSE:LAC) Raised to Hold at Wedbush

Lithium Americas (TSE:LAC) was upgraded by stock analysts at Wedbush to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, TD Securities upgraded shares of Lithium Americas to a “hold” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lithium Americas has an average rating of “Hold” and an average target price of C$7.00.

Lithium Americas Stock Down 4.6%

LAC stock opened at C$6.48 on Monday. Lithium Americas has a fifty-two week low of C$3.40 and a fifty-two week high of C$14.75. The business’s 50 day moving average price is C$6.10 and its two-hundred day moving average price is C$7.17. The company has a debt-to-equity ratio of 50.27, a quick ratio of 52.06 and a current ratio of 5.16. The company has a market capitalization of C$2.25 billion, a price-to-earnings ratio of -12.96 and a beta of 1.26.

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.