Lithium Americas (TSE:LAC) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Lithium Americas Corp. (TSE:LAC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.78 and traded as low as C$4.08. Lithium Americas shares last traded at C$4.13, with a volume of 613,227 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Scotia increased their price objective on Lithium Americas from C$8.50 to C$11.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. The Goldman Sachs Group raised Lithium Americas to a “hold” rating in a research report on Wednesday, July 1st. Finally, National Bank Financial cut their price target on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating for the company in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$8.25.

Lithium Americas Trading Down 1.9%

The company has a market cap of C$1.49 billion, a price-to-earnings ratio of -8.93 and a beta of 1.26. The company’s 50 day moving average price is C$4.51 and its 200 day moving average price is C$5.76. 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 (TSE:LAC) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Lithium Americas had a net margin of 1,429,488,235.29% and a negative return on equity of 8.92%. Research analysts anticipate that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Lithium Americas Company Profile

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.