Shares of Lithium Americas Corp. (TSE:LAC – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$5.05 and last traded at C$5.34, with a volume of 867278 shares changing hands. The stock had previously closed at C$5.55.
Wall Street Analyst Weigh In
Several brokerages have commented on LAC. JPMorgan Chase & Co. lowered their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Eight Capital raised Lithium Americas to a “strong-buy” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lithium Americas currently has an average rating of “Buy” and an average price target of C$12.00.
Get Our Latest Stock Report on LAC
Lithium Americas Stock Up 2.3 %
Lithium Americas (TSE:LAC – Get Free Report) last announced its earnings results on Friday, March 15th. The company reported C($0.11) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.07). Lithium Americas had a negative net margin of 160.61% and a negative return on equity of 2.11%. Equities analysts forecast that Lithium Americas Corp. will post 1.3803828 earnings per share for the current fiscal year.
Insider Buying and Selling at Lithium Americas
In other Lithium Americas news, Director Jinhee Magie purchased 8,000 shares of the business’s stock in a transaction dated 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. 7.53% of the stock is owned by insiders.
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.
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