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

Lithium Americas Corp. (TSE:LAC) has received a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$7.00.

A number of equities analysts have commented on the stock. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research note on Monday, April 20th. TD Securities upgraded Lithium Americas to a “hold” rating in a report on Monday, February 9th.

Lithium Americas Stock Performance

TSE LAC opened at C$7.04 on Friday. The company has a debt-to-equity ratio of 50.27, a current ratio of 5.16 and a quick ratio of 52.06. Lithium Americas has a 1-year low of C$3.40 and a 1-year high of C$14.75. The business has a 50 day simple moving average of C$6.33 and a two-hundred day simple moving average of C$6.80. The stock has a market capitalization of C$2.46 billion, a PE ratio of -14.08 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.