Lithium Americas Corp. (TSE:LAC) Receives C$8.25 Consensus Price Target from Analysts

Shares of Lithium Americas Corp. (TSE:LAC – Get Free Report) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$8.25.

LAC has been the topic of several analyst reports. Scotia lifted their target price on shares of Lithium Americas from C$8.50 to C$11.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. The Goldman Sachs Group raised Lithium Americas to a “hold” rating in a report on Wednesday, July 1st. Finally, National Bank Financial dropped their target price on 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.

Get Lithium Americas alerts:

Read Our Latest Stock Analysis on LAC

Lithium Americas Price Performance

Lithium Americas stock opened at C$4.09 on Friday. Lithium Americas has a 12 month low of C$3.75 and a 12 month high of C$14.75. The company has a debt-to-equity ratio of 81.68, a current ratio of 5.47 and a quick ratio of 52.06. The business has a 50 day simple moving average of C$4.84 and a 200-day simple moving average of C$5.90. The stock has a market capitalization of C$1.48 billion, a PE ratio of -8.89 and a beta of 1.26.

Lithium Americas (TSE:LAC – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.03) earnings per share for the quarter. Lithium Americas had a net margin of 1,429,488,235.29% and a negative return on equity of 8.92%. Equities analysts predict that Lithium Americas will post 1.3803828 earnings per share for the current year.

About Lithium Americas

(Get Free Report)

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and GM (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S.

See Also

• Five stocks we like better than Lithium Americas
• 3 Energy Stocks Raising Dividends as the Sector Surges
• 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
• Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
• The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future

Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with MarketBeat.com's FREE daily email newsletter.