Lithium Americas Corp. (TSE:LAC – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.57 and traded as low as C$3.95. Lithium Americas shares last traded at C$4.05, with a volume of 1,424,749 shares changing hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Lithium Americas presently has an average rating of “Hold” and an average target price of C$8.25.
Lithium Americas Stock Performance
Lithium Americas (TSE:LAC – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported C($0.03) earnings per share for the quarter. Lithium Americas had a net margin of 1,429,488,235.29% and a negative return on equity of 8.92%. Equities analysts expect that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.
Lithium Americas Company Profile
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.
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