National Bankshares Upgrades Lithium Americas (TSE:LAC) to Outperform

Lithium Americas (TSE:LAC) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a C$7.25 target price on the stock, up from their prior target price of C$5.75. National Bankshares’ price target points to a potential upside of 62.19% from the stock’s previous close.

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

Lithium Americas Price Performance

Lithium Americas stock traded down C$0.05 during midday trading on Thursday, hitting C$4.47. The company’s stock had a trading volume of 2,953,045 shares, compared to its average volume of 717,984. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$12.26. 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 stock’s 50-day moving average price is C$3.42 and its 200-day moving average price is C$4.76. The company has a market capitalization of C$974.46 million, a PE ratio of -27.38 and a beta of 1.58.

Lithium Americas (TSE:LAC) last issued its earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04). Analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm’s stock in a transaction dated 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.

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.