Lithium Americas Corp. (TSE:LAC) Director Buys C$44,748.00 in Stock

Lithium Americas Corp. (TSE:LAC) Director Alun Robert Doyle purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$4.47 per share, for a total transaction of C$44,748.00.

Lithium Americas Stock Performance

TSE:LAC traded up C$0.29 during trading hours on Thursday, hitting C$5.42. 845,254 shares of the company traded hands, compared to its average volume of 816,690. 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 has a market capitalization of C$1.18 billion, a price-to-earnings ratio of -32.06 and a beta of 1.58. The firm has a 50-day moving average of C$4.38 and a 200 day moving average of C$4.25. Lithium Americas Corp. has a twelve month low of C$2.87 and a twelve month high of C$10.59.

Lithium Americas (TSE:LAC) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.01. On average, analysts forecast that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Wall Street Analyst Weigh In

LAC has been the subject of a number of analyst reports. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, National Bankshares upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$7.38.

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.