Lithium Americas (TSE:LAC) Upgraded to Outperform at National Bankshares

National Bankshares upgraded shares of Lithium Americas (TSE:LAC) from a sector perform rating to an outperform rating in a research report released on Thursday, BayStreet.CA reports. The firm currently has C$7.25 target price on the stock, up from their prior target price of C$5.75.

Separately, Piper Sandler lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$9.08.

Lithium Americas Price Performance

LAC opened at C$4.47 on Thursday. 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 has a 1-year low of C$2.87 and a 1-year high of C$12.26. The company has a 50-day moving average of C$3.45 and a 200-day moving average of C$4.73. The company has a market capitalization of C$974.46 million, a P/E ratio of -27.94 and a beta of 1.58.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.04). Equities analysts expect that Lithium Americas will post 1.3803828 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. Corporate 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.