Lithium Americas (TSE:LAC) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Lithium Americas Corp. (TSE:LAC) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$6.46 and traded as low as C$4.02. Lithium Americas shares last traded at C$4.10, with a volume of 698,702 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wedbush raised Lithium Americas to a “hold” rating in a research note on Monday, April 20th. National Bank Financial dropped their price target on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Scotia raised their price target on Lithium Americas from C$8.50 to C$11.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group raised Lithium Americas to a “hold” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Lithium Americas presently has an average rating of “Hold” and a consensus target price of C$8.25.

Lithium Americas Trading Down 1.2%

The company has a debt-to-equity ratio of 65.10, a current ratio of 7.36 and a quick ratio of 52.06. The firm has a market cap of C$1.44 billion, a price-to-earnings ratio of -9.11 and a beta of 1.26. The business’s 50-day moving average price is C$6.05 and its two-hundred day moving average price is C$6.46.

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.