Lithium Americas (TSE:LAC) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Lithium Americas Corp. (TSE:LAC)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.86 and traded as low as C$4.21. Lithium Americas shares last traded at C$4.32, with a volume of 714,033 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on LAC shares. The Goldman Sachs Group raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, July 1st. National Bank Financial lowered their price target on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Finally, Scotia increased their price objective on shares of Lithium Americas from C$8.50 to C$11.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lithium Americas has an average rating of “Hold” and a consensus price target of C$8.25.

Lithium Americas Stock Down 0.4%

The stock has a market capitalization of C$1.62 billion, a P/E ratio of -9.72 and a beta of 1.26. The stock’s 50 day simple moving average is C$4.72 and its 200 day simple moving average is C$5.85. The company has a current ratio of 5.47, a quick ratio of 52.06 and a debt-to-equity ratio of 81.68.

Lithium Americas (TSE:LAC) last announced 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%. As a group, research analysts predict that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.

About Lithium Americas

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.