National Bankshares Issues Positive Forecast for Lithium Americas (TSE:LAC) Stock Price

Lithium Americas (TSE:LAC) had its target price hoisted by National Bankshares from C$7.25 to C$7.50 in a research report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on LAC. 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. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wedbush upgraded Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Performance

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

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

Insider Buying and Selling at Lithium Americas

In related news, Director Alun Robert Doyle acquired 10,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is owned by corporate insiders.

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.