Analysts Set Lithium Americas Corp. (TSE:LAC) Target Price at C$7.00

Lithium Americas Corp. (TSE:LAC) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$7.00.

Several research analysts have commented on LAC shares. National Bank Financial cut their price objective on Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, December 19th. TD Securities raised Lithium Americas to a “hold” rating in a research report on Monday, February 9th.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$5.40 on Thursday. The company has a current ratio of 5.16, a quick ratio of 52.06 and a debt-to-equity ratio of 50.27. The company has a market cap of C$1.64 billion, a PE ratio of -5.00 and a beta of 1.26. The company’s fifty day simple moving average is C$6.81 and its 200-day simple moving average is C$7.22. Lithium Americas has a 52 week low of C$3.30 and a 52 week high of C$14.75.

Lithium Americas Company Profile

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. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.