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

Shares of Lithium Americas Corp. (TSE:LAC) have received an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective 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.

Lithium Americas Trading Down 0.7%

Shares of LAC stock opened at C$4.01 on Thursday. Lithium Americas has a 12-month low of C$3.77 and a 12-month high of C$14.75. The company has a market capitalization of C$1.46 billion, a PE ratio of -8.72 and a beta of 1.26. The firm has a 50 day moving average price of C$4.31 and a two-hundred day moving average price of C$5.64. The company has a quick ratio of 52.06, a current ratio of 5.47 and a debt-to-equity ratio of 81.68.

Lithium Americas (TSE:LAC) last posted its earnings results on Thursday, August 13th. The company reported C($0.03) 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%. As a group, analysts predict that Lithium Americas will post 1.3803828 earnings per share 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.