Lithium Americas (TSE:LAC) Upgraded at TD Securities

TD Securities upgraded shares of Lithium Americas (TSE:LAC) to a hold rating in a report issued on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. National Bank Financial lowered their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating for the company in a research note on Friday, December 19th. Cormark raised Lithium Americas from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 21st. Scotiabank raised shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Canaccord Genuity Group set a C$6.50 price target on Lithium Americas and gave the company a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Lithium Americas currently has a consensus rating of “Hold” and an average price target of C$7.00.

Lithium Americas Stock Performance

Shares of TSE:LAC opened at C$6.45 on Monday. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. Lithium Americas has a 12-month low of C$3.30 and a 12-month high of C$14.75. The firm has a market cap of C$1.96 billion, a PE ratio of -5.97 and a beta of 1.26. The company’s 50 day moving average price is C$7.16 and its two-hundred day moving average price is C$6.73.

Insiders Place Their Bets

In other Lithium Americas news, insider Aubree Barnum sold 4,763 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of C$6.33, for a total transaction of C$30,149.79. Following the sale, the insider owned 66,397 shares of the company’s stock, valued at approximately C$420,293.01. The trade was a 6.69% decrease in their position. Also, insider Edward Grandy sold 6,183 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of C$6.33, for a total value of C$39,138.39. Following the completion of the sale, the insider owned 135,466 shares in the company, valued at C$857,499.78. The trade was a 4.37% decrease in their position. Insiders have sold 21,827 shares of company stock worth $138,165 over the last three months. 7.40% of the stock is currently owned by corporate insiders.

About Lithium Americas

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. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.