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

Shares of Lithium Americas Corp. (TSE:LAC) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$8.25.

Several research firms recently issued reports on LAC. Scotia boosted their target price on shares of Lithium Americas from C$8.50 to C$11.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. National Bank Financial dropped their price target on shares of Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Wedbush raised shares of Lithium Americas to a “hold” rating in a report on Monday, April 20th. Finally, The Goldman Sachs Group upgraded shares of Lithium Americas to a “hold” rating in a research report on Wednesday, July 1st.

Lithium Americas Trading Down 2.2%

Shares of TSE:LAC opened at C$3.99 on Wednesday. Lithium Americas has a 12-month low of C$3.41 and a 12-month high of C$14.75. The company has a market capitalization of C$1.40 billion, a PE ratio of -8.87 and a beta of 1.26. The business has a 50 day moving average of C$5.80 and a two-hundred day moving average of C$6.40. The company has a current ratio of 7.36, a quick ratio of 52.06 and a debt-to-equity ratio of 65.10.

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.