Lithium Americas (TSE:LAC) Sets New 1-Year Low at $3.18

Lithium Americas Corp. (TSE:LAC)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$3.18 and last traded at C$3.15, with a volume of 157974 shares changing hands. The stock had previously closed at C$3.17.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LAC shares. Eight Capital raised shares of Lithium Americas to a “strong-buy” rating in a report on Tuesday, May 14th. National Bankshares set a C$7.00 price target on Lithium Americas and gave the company a “sector perform” rating in a report on Thursday, June 6th. National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Finally, Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lithium Americas has a consensus rating of “Moderate Buy” and a consensus price target of C$9.00.

Lithium Americas Stock Performance

The company has a 50-day simple moving average of C$3.87 and a two-hundred day simple moving average of C$5.87. The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38. The firm has a market capitalization of C$671.06 million, a P/E ratio of -45.29 and a beta of 1.58.

Lithium Americas (TSE:LAC) last posted its quarterly earnings data on Monday, May 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Lithium Americas had a negative return on equity of 2.11% and a negative net margin of 160.61%. As a group, equities analysts forecast that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Insiders Place Their Bets

In other Lithium Americas news, Senior Officer Samuel William Pigott acquired 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average price of C$3.60 per share, with a total value of C$108,000.00. In other news, Senior Officer Samuel William Pigott bought 30,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average price of C$3.60 per share, for a total transaction of C$108,000.00. Also, Director John Kanellitsas acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of C$3.89 per share, for a total transaction of C$194,500.00. In the last quarter, insiders acquired 80,400 shares of company stock valued at $303,840. Corporate insiders own 7.53% of the company’s stock.

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.