Lithium Americas (TSE:LAC) Given New C$10.00 Price Target at National Bankshares

Lithium Americas (TSE:LAC) had its price objective hoisted by National Bankshares from C$5.00 to C$10.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on LAC. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Wednesday, August 20th. TD Cowen cut shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th. Finally, Canaccord Genuity Group cut shares of Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 target price for the company. in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$8.13.

Lithium Americas Price Performance

TSE LAC opened at C$12.64 on Thursday. 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 company has a fifty day simple moving average of C$4.85 and a 200 day simple moving average of C$4.22. The company has a market cap of C$3.05 billion, a P/E ratio of -50.56 and a beta of 1.26. Lithium Americas has a 1 year low of C$3.30 and a 1 year high of C$13.00.

Lithium Americas Company Profile

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.