Lithium Americas (TSE:LAC) Stock Gets Price Target Reduction from National Bank Financial

Lithium Americas (TSE:LAC) had its price objective decreased by National Bank Financial from C$6.25 to C$5.25 in a research report report published on Monday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

LAC has been the subject of several other research reports. The Goldman Sachs Group upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, July 1st. Canaccord Genuity Group raised Lithium Americas from a “hold” rating to a “moderate buy” rating and lowered their price target for the stock from C$7.00 to C$5.25 in a report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$7.17.

Lithium Americas Stock Performance

Shares of Lithium Americas stock opened at C$3.02 on Monday. The firm’s fifty day simple moving average is C$3.90 and its 200-day simple moving average is C$5.18. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of -6.57 and a beta of 3.45. Lithium Americas has a 12 month low of C$2.90 and a 12 month high of C$9.80. The company has a debt-to-equity ratio of 81.68, a current ratio of 5.47 and a quick ratio of 52.06.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. Lithium Americas had a net margin of 1,429,488,235.29% and a negative return on equity of 8.92%. As a group, equities analysts forecast that Lithium Americas will post 1.38 earnings per share for the current year.

About Lithium Americas

Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and GM (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S.