Lithium Americas (TSE:LAC) Lifted to Hold at BMO Capital Markets

Lithium Americas (TSE:LAC) was upgraded by analysts at BMO Capital Markets to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

Other equities analysts also recently issued reports about the stock. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.08.

Lithium Americas Price Performance

Shares of TSE LAC opened at C$4.74 on Wednesday. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The stock has a fifty day moving average price of C$3.59 and a 200 day moving average price of C$4.56. The company has a market cap of C$1.03 billion, a PE ratio of -29.63 and a beta of 1.58.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) EPS for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). Sell-side analysts forecast that Lithium Americas will post 1.3803828 EPS for the current year.

Insider Transactions at Lithium Americas

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. Insiders own 7.40% of the company’s stock.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.