Lithium Americas Corp. (TSE:LAC) Director Jinhee Magie Buys 8,000 Shares

Lithium Americas Corp. (TSE:LAC) Director Jinhee Magie acquired 8,000 shares of Lithium Americas stock in a transaction dated Wednesday, April 24th. The stock was bought at an average price of C$6.48 per share, for a total transaction of C$51,840.00.

Lithium Americas Stock Down 4.4 %

Shares of TSE:LAC opened at C$6.13 on Thursday. The stock’s 50-day moving average price is C$7.85 and its two-hundred day moving average price is C$8.38. The company has a current ratio of 8.38, a quick ratio of 52.06 and a debt-to-equity ratio of 0.97. Lithium Americas Corp. has a 12-month low of C$5.17 and a 12-month high of C$31.34. The firm has a market cap of C$992.94 million, a price-to-earnings ratio of -204.33 and a beta of 1.58.

Lithium Americas (TSE:LAC) last issued its quarterly earnings results on Friday, March 15th. The company reported C($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.07). On average, research analysts forecast that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Lithium Americas has an average rating of “Hold” and an average price target of C$22.75.

Lithium Americas Company Profile

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.