Lithium Americas Corp. (TSE:LAC) Given Average Recommendation of “Buy” by Analysts

Lithium Americas Corp. (TSE:LAC) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$7.50.

LAC has been the subject of several research reports. Cormark upgraded Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Evercore ISI raised shares of Lithium Americas to a “strong-buy” rating in a research note on Thursday, April 17th. Finally, National Bankshares increased their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday, January 10th.

Lithium Americas Trading Up 1.0 %

LAC stock opened at C$4.06 on Monday. Lithium Americas has a 12-month low of C$2.87 and a 12-month high of C$7.22. The business’s 50-day moving average is C$3.95 and its 200 day moving average is C$4.51. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The stock has a market cap of C$617.70 million, a price-to-earnings ratio of -21.24 and a beta of 1.58.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.