Edward Grandy Sells 4,894 Shares of Lithium Americas Corp. (TSE:LAC) Stock

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$4.71, for a total transaction of C$23,051.21.

Lithium Americas Price Performance

Lithium Americas stock opened at C$4.54 on Friday. The stock has a market cap of C$989.72 million, a price-to-earnings ratio of -28.38 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The business has a 50-day simple moving average of C$5.05 and a 200 day simple moving average of C$4.17. Lithium Americas Corp. has a 52 week low of C$2.87 and a 52 week high of C$10.59.

Lithium Americas (TSE:LAC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01. On average, research analysts forecast that Lithium Americas Corp. will post 1.3803828 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LAC. National Bankshares boosted their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Company Profile

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.