Lithium Americas (TSE:LAC) Cut to Hold at Cormark

Cormark downgraded shares of Lithium Americas (TSE:LAC) from a moderate buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. National Bankshares upped their price target on Lithium Americas from C$5.00 to C$10.00 and gave the stock a “sector perform” rating in a research report on Thursday. Canaccord Genuity Group downgraded Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 price target for the company. in a research report on Thursday. Finally, TD Cowen downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$8.13.

Lithium Americas Price Performance

Shares of LAC opened at C$12.64 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. The stock has a 50 day simple moving average of C$4.85 and a 200 day simple moving average of C$4.22. Lithium Americas has a 52-week low of C$3.30 and a 52-week high of C$13.00. The firm has a market capitalization of C$3.05 billion, a PE ratio of -50.56 and a beta of 1.26.

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.