Lithium Americas (TSE:LAC) Lowered to “Strong Sell” Rating by Scotiabank

Scotiabank cut shares of Lithium Americas (TSE:LAC) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

LAC has been the subject of a number of other reports. Cormark lowered shares of Lithium Americas from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 2nd. National Bankshares boosted their price objective on shares of Lithium Americas from C$5.00 to C$10.00 and gave the stock a “sector perform” rating in a report on Thursday, October 2nd. Canaccord Genuity Group lowered shares of Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 price objective for the company. in a report on Thursday, October 2nd. Finally, TD Cowen lowered shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$8.13.

Lithium Americas Trading Down 6.8%

Shares of LAC opened at C$11.78 on Monday. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of -47.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. Lithium Americas has a fifty-two week low of C$3.30 and a fifty-two week high of C$13.20. The firm has a 50 day moving average price of C$5.00 and a 200-day moving average price of C$4.27.

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.