Lithium Americas Corp. (TSE:LAC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lithium Americas Corp. (TSE:LAC) have received an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$8.25.

LAC has been the topic of a number of recent research reports. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research note on Monday, April 20th. National Bank Financial reduced their price objective on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating for the company in a research note on Friday, May 15th. Finally, Scotia lifted their price objective on shares of Lithium Americas from C$8.50 to C$11.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th.

Lithium Americas Stock Down 1.5%

LAC stock opened at C$5.39 on Friday. The company has a current ratio of 7.36, a quick ratio of 52.06 and a debt-to-equity ratio of 65.10. Lithium Americas has a twelve month low of C$3.41 and a twelve month high of C$14.75. The company’s 50 day moving average is C$6.76 and its two-hundred day moving average is C$6.66. The stock has a market cap of C$1.89 billion, a P/E ratio of -11.98 and a beta of 1.26.

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.