Analysts Set Lithium Americas Corp. (TSE:LAC) PT at C$7.00

Lithium Americas Corp. (TSE:LAC) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$7.00.

A number of equities analysts have issued reports on LAC shares. National Bank Financial decreased their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, December 19th. TD Securities raised Lithium Americas to a “hold” rating in a research note on Monday, February 9th.

Lithium Americas Stock Down 7.6%

Shares of TSE LAC opened at C$5.11 on Thursday. The firm’s fifty day moving average is C$6.86 and its 200 day moving average is C$7.19. Lithium Americas has a 52 week low of C$3.30 and a 52 week high of C$14.75. The company has a quick ratio of 52.06, a current ratio of 5.16 and a debt-to-equity ratio of 50.27. The company has a market cap of C$1.55 billion, a price-to-earnings ratio of -4.73 and a beta of 1.26.

About Lithium Americas

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. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.