National Bankshares Issues Positive Forecast for Lithium Americas (TSE:LAC) Stock Price

Lithium Americas (TSE:LAC) had its price target raised by National Bankshares from C$7.25 to C$7.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 65.56% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Finally, BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Lithium Americas currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Down 3.6 %

TSE:LAC traded down C$0.17 on Friday, hitting C$4.53. The stock had a trading volume of 640,493 shares, compared to its average volume of 704,679. The business’s fifty day moving average is C$5.05 and its 200 day moving average is C$4.17. Lithium Americas has a 52 week low of C$2.87 and a 52 week high of C$10.59. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The company has a market cap of C$987.54 million, a PE ratio of -28.31 and a beta of 1.58.

Lithium Americas (TSE:LAC) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. On average, equities research analysts expect that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Buying and Selling

In other Lithium Americas news, Director Alun Robert Doyle bought 10,000 shares of Lithium Americas stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is owned by company insiders.

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.