Lithium Americas (TSE:LAC) had its price objective reduced by equities researchers at National Bank Financial from C$11.00 to C$10.00 in a research report issued to clients and investors on Monday, February 4th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 101.21% from the company’s current price.
Separately, BMO Capital Markets reaffirmed a “market perform” rating and set a C$6.00 target price on shares of Lithium Americas in a research note on Tuesday, October 30th.
LAC traded up C$0.13 during trading on Monday, hitting C$4.97. 183,400 shares of the company traded hands, compared to its average volume of 109,167. The stock has a market capitalization of $438.03 million and a price-to-earnings ratio of -18.01. Lithium Americas has a 1 year low of C$3.74 and a 1 year high of C$8.85. The company has a debt-to-equity ratio of 11.55, a quick ratio of 7.23 and a current ratio of 8.56.
In other Lithium Americas news, insider George R. Ireland acquired 25,000 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was acquired at an average cost of C$3.71 per share, with a total value of C$92,852.10. Following the purchase, the insider now directly owns 687,965 shares of the company’s stock, valued at approximately C$2,555,159.80.
Lithium Americas Company Profile
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.
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