Lithium Americas Corp. (TSE:LAC - Get Free Report)'s share price rose 1.1% during mid-day trading on Friday . The stock traded as high as C$4.85 and last traded at C$4.79. 74,435 shares were traded during mid-day trading, a decline of 90% from the average session volume of 737,114 shares. The stock had previously closed at C$4.74.
Several research analysts have recently issued reports on LAC shares. National Bank Financial upgraded shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. National Bankshares raised Lithium Americas from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th. BMO Capital Markets raised Lithium Americas to a "hold" rating in a report on Wednesday. Finally, Piper Sandler downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$9.08.
View Our Latest Analysis on Lithium Americas
The business's 50-day simple moving average is C$3.59 and its 200 day simple moving average is C$4.56. The firm has a market cap of C$1.11 billion, a P/E ratio of -31.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15.
Lithium Americas (TSE:LAC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.04). As a group, equities analysts predict that Lithium Americas Corp. will post 1.3803828 earnings per share for the current year.
In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total value of C$84,530.80. Corporate insiders own 7.40% of the company's stock.
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.
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