Lithium Americas Corp. (NYSE:LAC – Get Free Report) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.4444.
LAC has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on Lithium Americas in a research note on Wednesday, July 1st. They set a “neutral” rating and a $4.50 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lithium Americas in a report on Friday, July 24th. Scotiabank reduced their price objective on shares of Lithium Americas from $7.00 to $5.00 and set a “sector perform” rating for the company in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Lithium Americas from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Wedbush assumed coverage on shares of Lithium Americas in a research note on Monday, April 20th. They set a “neutral” rating and a $8.00 target price on the stock.
View Our Latest Analysis on Lithium Americas
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Lithium Americas Stock Performance
LAC stock opened at $2.87 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of -6.99 and a beta of 2.47. The company has a current ratio of 7.36, a quick ratio of 7.36 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $3.94 and a 200-day moving average price of $4.53. Lithium Americas has a 1-year low of $2.47 and a 1-year high of $10.52.
Lithium Americas Company Profile
Lithium Americas Corp. is a Vancouver‐based resource company focused on the development of lithium projects to support the global transition to electric vehicles and renewable energy storage. The company specializes in advancing lithium brine and claystone assets through feasibility studies, environmental permitting and engineering design. Its technical teams work to produce high‐purity lithium chemicals, including lithium carbonate and lithium hydroxide, for battery manufacturers worldwide.
Lithium Americas’ two flagship projects are the Cauchari‐Olaroz lithium brine operation in Jujuy Province, Argentina—developed in partnership with Ganfeng Lithium—and the Thacker Pass lithium clay deposit in northern Nevada, United States.
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