National Bankshares Forecasts Strong Price Appreciation for Lithium Americas (TSE:LAC) Stock

Lithium Americas (TSE:LAC) had its target price boosted by analysts at National Bankshares from C$7.25 to C$7.50 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 65.56% from the company’s current price.

LAC has been the topic of a number of other reports. Wedbush upgraded Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Finally, National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Down 3.6 %

Lithium Americas stock traded down C$0.17 during mid-day trading on Friday, hitting C$4.53. The company had a trading volume of 640,493 shares, compared to its average volume of 704,679. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is C$5.05 and its two-hundred day moving average price is C$4.17. The company has a market capitalization of C$987.54 million, a PE ratio of -28.31 and a beta of 1.58.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01. As a group, sell-side analysts anticipate that Lithium Americas will post 1.3803828 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alun Robert Doyle purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$4.47 per share, for a total transaction of C$44,748.00. Company 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.