Lithium Americas Corp. (TSE:LAC) Receives C$8.13 Consensus Target Price from Brokerages

Lithium Americas Corp. (TSE:LAC) has been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$8.13.

LAC has been the subject of a number of analyst reports. National Bankshares boosted their price target on Lithium Americas from C$5.00 to C$10.00 and gave the company a “sector perform” rating in a research note on Thursday, October 2nd. Scotiabank cut Lithium Americas from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Canaccord Genuity Group lowered Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 price target on the stock. in a research note on Thursday, October 2nd. Cormark lowered Lithium Americas from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, TD Cowen lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 25th.

Lithium Americas Trading Up 3.9%

Shares of Lithium Americas stock opened at C$9.40 on Monday. The stock has a market cap of C$2.32 billion, a PE ratio of -37.60 and a beta of 1.26. The firm has a 50-day moving average of C$6.94 and a 200-day moving average of C$4.91. Lithium Americas has a 52-week low of C$3.30 and a 52-week high of C$14.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88.

Lithium Americas Company Profile

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s.