Brokerages Set Lithium Americas Corp. (TSE:LAC) PT at C$8.25

Shares of Lithium Americas Corp. (TSE:LAC – Get Free Report) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$8.25.

Separately, The Goldman Sachs Group raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, July 1st.

Get Lithium Americas alerts:

Check Out Our Latest Stock Report on LAC

Lithium Americas Stock Performance

Shares of LAC stock opened at C$3.89 on Thursday. 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 firm has a 50-day moving average of C$4.26 and a 200-day moving average of C$5.59. Lithium Americas has a one year low of C$3.77 and a one year high of C$14.75. The company has a market cap of C$1.41 billion, a P/E ratio of -8.46 and a beta of 1.26.

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

Lithium Americas Company Profile

(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.

Featured Stories

• Five stocks we like better than Lithium Americas
• 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
• Jackson’s Record Quarter Powers the Bull Case
• Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
• AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact

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.