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

Shares of Lithium Americas Corp. (TSE:LAC) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$8.25.

LAC has been the subject of a number of analyst reports. Scotia boosted their price objective on shares of Lithium Americas from C$8.50 to C$11.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. National Bank Financial decreased their target price on shares of Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Wedbush raised shares of Lithium Americas to a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group upgraded Lithium Americas to a “hold” rating in a report on Wednesday, July 1st.

Lithium Americas Price Performance

Lithium Americas stock opened at C$4.31 on Wednesday. Lithium Americas has a 12-month low of C$3.41 and a 12-month high of C$14.75. The stock has a market capitalization of C$1.51 billion, a P/E ratio of -9.58 and a beta of 1.26. The firm’s 50-day moving average is C$5.98 and its two-hundred day moving average is C$6.45. The company has a debt-to-equity ratio of 65.10, a current ratio of 7.36 and a quick ratio of 52.06.

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.