Analysts Set Lithium Americas Corp. (TSE:LAC) Price Target at C$8.13

Lithium Americas Corp. (TSE:LAC) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$8.13.

A number of analysts recently issued reports on the company. National Bankshares raised their price target on Lithium Americas from C$5.00 to C$10.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 2nd. Canaccord Genuity Group lowered shares of Lithium Americas from a “moderate buy” rating to a “sell” rating and set a C$6.25 target price for the company. in a report on Thursday, October 2nd. Scotiabank raised shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. TD Cowen downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Finally, Cormark downgraded shares of Lithium Americas from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 2nd.

Lithium Americas Price Performance

TSE:LAC opened at C$6.97 on Friday. The firm has a market capitalization of C$2.12 billion, a price-to-earnings ratio of -6.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. The business has a 50 day simple moving average of C$8.01 and a 200-day simple moving average of C$5.33. Lithium Americas has a 1 year low of C$3.30 and a 1 year high of C$14.75.

About Lithium Americas

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.