Lithium Americas (TSE:LAC) Sets New 12-Month Low – What’s Next?

Lithium Americas Corp. (TSE:LAC)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as C$2.59 and last traded at C$3.54, with a volume of 266658 shares trading hands. The stock had previously closed at C$3.81.

Analyst Ratings Changes

A number of equities analysts recently commented on LAC shares. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. National Bankshares lifted their price target on Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Wedbush raised Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Trading Down 4.7 %

The business’s 50-day simple moving average is C$4.17 and its 200-day simple moving average is C$4.48. The company has a market cap of C$552.28 million, a PE ratio of -18.99 and a beta of 1.58. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65.

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.