Lithium Americas (TSE:LAC) Stock Price Down 6.7% – Should You Sell?

Shares of Lithium Americas Corp. (TSE:LAC) traded down 6.7% during trading on Tuesday . The stock traded as low as C$4.74 and last traded at C$4.77. 145,196 shares were traded during trading, a decline of 75% from the average session volume of 578,584 shares. The stock had previously closed at C$5.11.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LAC shares. National Bankshares boosted their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday, January 10th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Wedbush upgraded Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Finally, Cormark raised Lithium Americas to a “moderate buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lithium Americas presently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Trading Down 11.4 %

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 firm has a market cap of C$987.54 million, a P/E ratio of -28.31 and a beta of 1.58. The company’s 50 day moving average is C$4.93 and its two-hundred day moving average is C$4.22.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping the consensus estimate of C($0.03) by C$0.01. On average, sell-side analysts predict that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Insider Buying and Selling at Lithium Americas

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

Lithium Americas Company Profile

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.