Lithium Americas Corp. (TSE:LAC) Receives C$8.25 Consensus Price Target from Analysts

Lithium Americas Corp. (TSE:LAC) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$8.25.

A number of equities research analysts recently weighed in on LAC shares. Scotia boosted their price objective on Lithium Americas from C$8.50 to C$11.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. National Bank Financial reduced their price objective on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. TD Securities upgraded Lithium Americas to a “hold” rating in a research report on Monday, February 9th. Finally, Wedbush upgraded Lithium Americas to a “hold” rating in a research report on Monday, April 20th.

Lithium Americas Stock Performance

LAC opened at C$6.32 on Tuesday. Lithium Americas has a 1 year low of C$3.40 and a 1 year high of C$14.75. The company has a market capitalization of C$2.22 billion, a PE ratio of -14.04 and a beta of 1.26. The business has a fifty day simple moving average of C$6.65 and a 200 day simple moving average of C$6.79. The company has a debt-to-equity ratio of 65.10, a current ratio of 7.36 and a quick ratio of 52.06.

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