Lithium Americas (TSE:LAC) Price Target Lowered to C$7.25 at National Bank Financial

Lithium Americas (TSE:LAC) had its price objective trimmed by National Bank Financial from C$7.50 to C$7.25 in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently commented on LAC. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Monday, April 20th. TD Securities raised shares of Lithium Americas to a “hold” rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$8.25.

Lithium Americas Price Performance

Shares of TSE:LAC opened at C$6.91 on Friday. The company has a 50-day simple moving average of C$6.33 and a 200-day simple moving average of C$6.80. Lithium Americas has a one year low of C$3.40 and a one year high of C$14.75. The company has a debt-to-equity ratio of 65.10, a quick ratio of 52.06 and a current ratio of 7.36. The stock has a market capitalization of C$2.41 billion, a price-to-earnings ratio of -13.82 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.