Lithium Americas (TSE:LAC) Hits New 52-Week Low at $3.99

Lithium Americas Corp. (TSE:LACGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.99 and last traded at C$4.00, with a volume of 168518 shares trading hands. The stock had previously closed at C$4.08.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LAC. Eight Capital upgraded Lithium Americas to a “strong-buy” rating in a research note on Tuesday, May 14th. National Bankshares set a C$7.00 price objective on Lithium Americas and gave the company a “sector perform” rating in a research note on Thursday, June 6th. Finally, National Bank Financial upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, June 5th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.00.

Read Our Latest Research Report on Lithium Americas

Lithium Americas Stock Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 8.38 and a quick ratio of 52.06. The company has a market capitalization of C$873.02 million, a price-to-earnings ratio of -58.29 and a beta of 1.58. The stock has a 50 day simple moving average of C$6.31 and a two-hundred day simple moving average of C$7.13.

Lithium Americas (TSE:LACGet Free Report) last posted its quarterly earnings results on Monday, May 13th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). Lithium Americas had a negative net margin of 160.61% and a negative return on equity of 2.11%. As a group, analysts anticipate that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.

Insider Transactions at Lithium Americas

In other news, Director John Kanellitsas bought 50,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average price of C$3.89 per share, for a total transaction of C$194,500.00. In other Lithium Americas news, Director Jinhee Magie acquired 8,000 shares of the stock in a transaction on Wednesday, April 24th. The shares were bought at an average price of C$6.48 per share, with a total value of C$51,840.00. Also, Director John Kanellitsas acquired 50,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of C$3.89 per share, for a total transaction of C$194,500.00. Over the last 90 days, insiders have bought 58,611 shares of company stock worth $248,678. Corporate insiders own 7.53% of the company’s stock.

Lithium Americas Company Profile

(Get Free Report)

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.

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