Lithium Americas (TSE:LAC) Price Target Raised to C$7.50 at National Bankshares

Lithium Americas (TSE:LAC) had its price target lifted by National Bankshares from C$7.25 to C$7.50 in a report issued on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Finally, National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Down 3.4 %

Lithium Americas stock opened at C$4.54 on Friday. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. The stock has a market capitalization of C$989.72 million, a PE ratio of -28.38 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The business has a 50 day simple moving average of C$5.05 and a 200-day simple moving average of C$4.17.

Lithium Americas (TSE:LAC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. On average, analysts anticipate that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Activity at Lithium Americas

In other news, Director Alun Robert Doyle acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. Insiders own 7.40% of the company’s stock.

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.