Lithium Americas Corp. (TSE:LAC) Receives C$7.00 Consensus PT from Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$7.00.

LAC has been the topic of a number of recent analyst reports. TD Securities upgraded Lithium Americas to a “hold” rating in a research report on Monday, February 9th. Wedbush upgraded Lithium Americas to a “hold” rating in a research report on Monday, April 20th.

Lithium Americas Trading Down 3.0%

Shares of LAC stock opened at C$7.65 on Friday. The stock has a market capitalization of C$2.67 billion, a PE ratio of -15.30 and a beta of 1.26. 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 moving average of C$6.31 and a 200 day moving average of C$6.83. The company has a debt-to-equity ratio of 50.27, a current ratio of 5.16 and a quick ratio of 52.06.

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.