Lithium Americas (TSE:LAC) Rating Increased to Hold at BMO Capital Markets

BMO Capital Markets upgraded shares of Lithium Americas (TSE:LAC) to a hold rating in a research note published on Wednesday, Zacks.com reports.

Several other equities research analysts have also issued reports on the company. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Finally, Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$7.38.

Lithium Americas Stock Up 7.4 %

Lithium Americas stock opened at C$5.09 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The stock has a fifty day moving average of C$3.63 and a 200 day moving average of C$4.49. The stock has a market cap of C$1.11 billion, a PE ratio of -31.81 and a beta of 1.58. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.75.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). As a group, sell-side analysts predict that Lithium Americas will post 1.3803828 EPS for the current year.

Insider Transactions at Lithium Americas

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total value of C$84,530.80. Company insiders own 7.40% of the company’s stock.

About Lithium Americas

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.