Lithium Americas (LAC) Price Target Lowered to C$6.25 at National Bank Financial

Lithium Americas (TSE:LAC) had its price objective reduced by National Bank Financial from C$8.50 to C$6.25 in a research note issued to investors on Thursday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Separately, Eight Capital raised their price target on shares of Lithium Americas from C$13.20 to C$13.75 in a report on Wednesday, April 3rd.

Lithium Americas stock opened at C$5.27 on Thursday. The company has a market capitalization of $467.64 million and a PE ratio of -16.52. The company has a current ratio of 10.38, a quick ratio of 9.58 and a debt-to-equity ratio of 71.53. Lithium Americas has a fifty-two week low of C$3.74 and a fifty-two week high of C$7.76.

Lithium Americas (TSE:LAC) last released its earnings results on Monday, April 1st. The company reported C($0.06) earnings per share for the quarter, topping the consensus estimate of C($0.10) by C$0.04. The firm had revenue of C$1.95 million during the quarter, compared to analysts’ expectations of C$1.44 million. On average, equities research analysts predict that Lithium Americas will post -0.360000016089386 earnings per share for the current fiscal year.

In related news, Director Gabriel Rubacha purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost of C$5.26 per share, for a total transaction of C$52,640.28. Following the completion of the acquisition, the director now owns 220,400 shares in the company, valued at approximately C$1,160,191.77.

Lithium Americas Company Profile

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.

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