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

Lithium Americas Corp. (TSE:LAC) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$7.50.

A number of research firms have weighed in on LAC. Evercore ISI upgraded Lithium Americas to a “strong-buy” rating in a research report on Thursday, April 17th. National Bank Financial downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th.

Lithium Americas Stock Performance

LAC opened at C$3.94 on Friday. The company has a market capitalization of C$599.45 million, a price-to-earnings ratio of -20.61 and a beta of 1.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$7.22. The business has a 50 day moving average price of C$3.97 and a two-hundred day moving average price of C$4.44.

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.