Lithium Americas Corp. (TSE:LAC) Given Consensus Rating of “Moderate Buy” by Brokerages

Lithium Americas Corp. (TSE:LAC) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$7.50.

Several research analysts recently commented on LAC shares. National Bank Financial downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 16th. Evercore ISI raised Lithium Americas to a “strong-buy” rating in a research note on Thursday, April 17th.

Lithium Americas Stock Down 2.8%

Shares of LAC opened at C$3.47 on Tuesday. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$7.22. The stock’s 50 day moving average is C$3.88 and its two-hundred day moving average is C$4.17. The firm has a market cap of C$527.94 million, a P/E ratio of -18.15 and a beta of 1.58.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.