Lithium Americas (TSE:LAC – Get Free Report) had its price objective dropped by research analysts at National Bank Financial from C$6.25 to C$5.25 in a research note issued on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 72.70% from the company’s previous close.
Several other brokerages have also commented on LAC. The Goldman Sachs Group upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, July 1st. Canaccord Genuity Group raised Lithium Americas from a “hold” rating to a “moderate buy” rating and dropped their price target for the company from C$7.00 to C$5.25 in a research report on Thursday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$7.17.
Check Out Our Latest Stock Report on LAC
Lithium Americas Stock Down 1.6%
Shares of Lithium Americas stock traded down C$0.05 during trading on Monday, reaching C$3.04. The company had a trading volume of 377,803 shares, compared to its average volume of 1,407,334. The company has a market cap of C$1.10 billion, a price-to-earnings ratio of -6.61 and a beta of 3.45. The firm’s fifty day moving average is C$3.99 and its 200-day moving average is C$5.23. The company has a debt-to-equity ratio of 81.68, a quick ratio of 52.06 and a current ratio of 5.47. Lithium Americas has a fifty-two week low of C$2.90 and a fifty-two week high of C$10.16.
Lithium Americas (TSE:LAC – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. Lithium Americas had a negative return on equity of 8.92% and a net margin of 1,429,488,235.29%. On average, analysts anticipate that Lithium Americas will post 1.38 EPS for the current year.
About Lithium Americas
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.
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