Lithium Americas Corp. (NYSE:LAC)’s stock price traded down 6.7% on Tuesday . The stock traded as low as $15.71 and last traded at $18.49. 7,322,618 shares traded hands during trading, a decline of 15% from the average session volume of 8,596,237 shares. The stock had previously closed at $19.82.
LAC has been the topic of several analyst reports. National Bank Financial lifted their price target on shares of Lithium Americas from $20.00 to $23.00 in a research note on Tuesday, February 2nd. Zacks Investment Research downgraded shares of Lithium Americas from a “buy” rating to a “hold” rating in a research note on Thursday, February 4th. Stifel Nicolaus initiated coverage on shares of Lithium Americas in a research note on Tuesday, December 22nd. They set a “buy” rating and a $13.25 price target on the stock. Canaccord Genuity lifted their price target on shares of Lithium Americas from $11.50 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 6th. Finally, BMO Capital Markets lifted their price target on shares of Lithium Americas from $13.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, January 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.63.
The company’s 50-day moving average price is $20.62 and its two-hundred day moving average price is $12.70. The company has a market cap of $2.20 billion, a P/E ratio of -53.57 and a beta of 1.60. The company has a current ratio of 15.34, a quick ratio of 15.34 and a debt-to-equity ratio of 1.19.
About Lithium Americas (NYSE:LAC)
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Humboldt County in northern Nevada.
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