Brokerages Set Lithium Americas Corp. (TSE:LAC) PT at C$8.25

Lithium Americas Corp. (TSE:LAC) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$8.25.

Separately, The Goldman Sachs Group raised Lithium Americas to a “hold” rating in a research report on Wednesday, July 1st.

Lithium Americas Stock Down 3.6%

LAC opened at C$4.04 on Thursday. The company has a debt-to-equity ratio of 81.68, a quick ratio of 52.06 and a current ratio of 5.47. The stock’s fifty day moving average is C$4.34 and its 200-day moving average is C$5.66. Lithium Americas has a one year low of C$3.77 and a one year high of C$14.75. The company has a market capitalization of C$1.47 billion, a PE ratio of -8.78 and a beta of 1.26.

Lithium Americas (TSE:LAC) last released its earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. Lithium Americas had a net margin of 1,429,488,235.29% and a negative return on equity of 8.92%. On average, equities analysts predict that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

About Lithium Americas

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and GM (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S.