Brokerages Set Lithium Americas Corp. (TSE:LAC) Price Target at C$7.50

Lithium Americas Corp. (TSE:LAC) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$7.50.

A number of research analysts have issued reports on the stock. National Bankshares raised their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a report on Friday, January 10th. Cormark upgraded Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, Wedbush upgraded Lithium Americas to a “hold” rating in a research note on Thursday, December 19th.

Lithium Americas Stock Performance

Shares of Lithium Americas stock opened at C$3.63 on Thursday. The company has a 50 day moving average price of C$4.17 and a 200 day moving average price of C$4.48. The firm has a market capitalization of C$552.28 million, a P/E ratio of -18.99 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 13.88 and a debt-to-equity ratio of 0.65. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59.

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.