Lithium Americas Corp. (TSE:LAC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$7.50.

Several equities research analysts have recently issued reports on the stock. Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. National Bankshares lifted their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th.

Lithium Americas Price Performance

TSE LAC opened at C$3.74 on Thursday. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. The stock has a market cap of C$569.02 million, a price-to-earnings ratio of -19.56 and a beta of 1.58. The company’s 50 day moving average is C$4.16 and its two-hundred day moving average is C$4.49.

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.