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

Shares of Lithium Americas Corp. (TSE:LAC) have received a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$8.25.

A number of brokerages have recently commented on LAC. National Bank Financial cut their target price on shares of Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. The Goldman Sachs Group raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, July 1st. Wedbush upgraded Lithium Americas to a “hold” rating in a report on Monday, April 20th. Finally, Scotia raised their price objective on 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 Price Performance

LAC opened at C$4.31 on Wednesday. Lithium Americas has a 52-week low of C$3.41 and a 52-week high of C$14.75. The company has a 50 day moving average of C$5.98 and a two-hundred day moving average of C$6.45. The company has a market cap of C$1.51 billion, a P/E ratio of -9.58 and a beta of 1.26. The company has a quick ratio of 52.06, a current ratio of 7.36 and a debt-to-equity ratio of 65.10.

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.