Lithium Americas (TSE:LAC) Insider Timothy Crowley Sells 4,763 Shares

Lithium Americas Corp. (TSE:LAC) insider Timothy Crowley sold 4,763 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of C$6.33, for a total transaction of C$30,149.79. Following the completion of the sale, the insider owned 128,795 shares of the company’s stock, valued at approximately C$815,272.35. The trade was a 3.57% decrease in their position.

Lithium Americas Stock Down 4.1%

Shares of LAC traded down C$0.30 during trading hours on Friday, reaching C$7.04. 1,442,672 shares of the stock traded hands, compared to its average volume of 1,083,198. Lithium Americas Corp. has a 52 week low of C$3.30 and a 52 week high of C$14.75. The company has a market cap of C$2.14 billion, a price-to-earnings ratio of -6.52 and a beta of 1.26. The stock has a fifty day simple moving average of C$8.26 and a 200 day simple moving average of C$5.72. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. National Bankshares lifted their target price on shares of Lithium Americas from C$5.00 to C$10.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 2nd. TD Cowen lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Cormark raised Lithium Americas from a “hold” rating to a “moderate buy” rating in a research report on Friday, November 21st. Canaccord Genuity Group set a C$6.50 target price on Lithium Americas and gave the company a “hold” rating in a research report on Wednesday, November 19th. Finally, Scotiabank raised shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$8.25.

Lithium Americas Company Profile

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s.