Lithium Americas Corp. (TSE:LAC) Receives Average Rating of “Hold” from Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$7.00.

Several brokerages have recently issued reports on LAC. Cormark raised shares of Lithium Americas from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 21st. National Bank Financial reduced their target price 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. TD Securities raised Lithium Americas to a “hold” rating in a research note on Monday, February 9th. Canaccord Genuity Group set a C$6.50 price target on Lithium Americas and gave the company a “hold” rating in a report on Wednesday, November 19th. Finally, Scotiabank upgraded Lithium Americas from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$6.21 on Friday. 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 has a 52 week low of C$3.30 and a 52 week high of C$14.75. The company’s 50 day moving average price is C$7.01 and its two-hundred day moving average price is C$6.86. The company has a market capitalization of C$1.88 billion, a P/E ratio of -5.75 and a beta of 1.26.

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