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

Lithium Americas Corp. (TSE:LAC) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$8.25.

A number of research analysts have recently issued reports on the company. Scotia lifted their price target on Lithium Americas from C$8.50 to C$11.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. National Bank Financial dropped 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 report on Friday, May 15th. Finally, The Goldman Sachs Group upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, July 1st.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$4.33 on Friday. The firm has a market cap of C$1.57 billion, a price-to-earnings ratio of -9.41 and a beta of 1.26. The company’s 50 day moving average is C$4.80 and its 200 day moving average is C$5.89. The company has a quick ratio of 52.06, a current ratio of 5.47 and a debt-to-equity ratio of 81.68. Lithium Americas has a 52-week low of C$3.77 and a 52-week high of C$14.75.

Lithium Americas (TSE:LAC) last posted its earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share for the quarter. Lithium Americas had a negative return on equity of 8.92% and a net margin of 1,429,488,235.29%. On average, sell-side analysts anticipate that Lithium Americas 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.