Lithium Americas Corp. (TSE:LAC) Stock Has Average Price Target of C$7.17

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$7.17.

A number of analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Lithium Americas from a “hold” rating to a “moderate buy” rating and dropped their target price for the stock from C$7.00 to C$5.25 in a report on Thursday, October 15th. National Bank Financial reduced their target price on shares of Lithium Americas from C$6.25 to C$5.25 and set a “sector perform” rating for the company in a report on Monday, October 19th.

Lithium Americas Price Performance

TSE:LAC opened at C$2.75 on Monday. The firm has a market capitalization of C$998.37 million, a PE ratio of -5.98 and a beta of 3.32. The stock has a 50 day moving average of C$3.54 and a 200-day moving average of C$5.35. Lithium Americas has a 52 week low of C$2.48 and a 52 week high of C$9.47. The company has a current ratio of 5.47, a quick ratio of 52.06 and a debt-to-equity ratio of 81.68.

Lithium Americas (TSE:LAC) last issued its quarterly earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share for the quarter. Lithium Americas had a net margin of 1,429,488,235.29% and a negative return on equity of 8.92%. Analysts predict that Lithium Americas will post 1.38 EPS for the current 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.