Brokerages Set Lithium Americas Corp. (TSE:LAC) Price Target at C$8.25

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$8.25.

Several equities research analysts have weighed in on the company. TD Securities raised Lithium Americas to a “hold” rating in a research note on Monday, February 9th. Scotia boosted their price objective on Lithium Americas from C$8.50 to C$11.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. National Bank Financial reduced their price objective on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Finally, Wedbush raised Lithium Americas to a “hold” rating in a research note on Monday, April 20th.

Lithium Americas Price Performance

TSE:LAC opened at C$6.36 on Tuesday. The company has a quick ratio of 52.06, a current ratio of 7.36 and a debt-to-equity ratio of 65.10. The business’s 50-day simple moving average is C$6.67 and its two-hundred day simple moving average is C$6.78. The stock has a market cap of C$2.23 billion, a PE ratio of -14.13 and a beta of 1.26. Lithium Americas has a 52 week low of C$3.40 and a 52 week high of C$14.75.

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