Lithium Americas (TSE:LAC) Stock Passes Below 200-Day Moving Average of $33.17

Lithium Americas Corp. (TSE:LAC – Get Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$33.17 and traded as low as C$26.83. Lithium Americas shares last traded at C$26.88, with a volume of 635,917 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on LAC. B. Riley reiterated a “buy” rating on shares of Lithium Americas in a report on Friday, November 4th. BMO Capital Markets lifted their price target on Lithium Americas from C$30.00 to C$35.00 in a research note on Friday, October 28th. TD Securities lifted their price objective on Lithium Americas from C$35.00 to C$40.00 and gave the company a “hold” rating in a research report on Friday, October 28th. Finally, Evercore ISI started coverage on Lithium Americas in a research note on Wednesday, November 16th. They set a “buy” rating and a C$35.00 target price for the company.

Lithium Americas Price Performance

The company has a 50 day simple moving average of C$30.44 and a 200-day simple moving average of C$33.17. The stock has a market cap of C$3.63 billion and a price-to-earnings ratio of -33.98. The company has a current ratio of 52.06, a quick ratio of 52.06 and a debt-to-equity ratio of 31.74.

Lithium Americas (TSE:LAC – Get Rating) last released its earnings results on Thursday, October 27th. The company reported C($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.31) by C$0.06. Research analysts expect that Lithium Americas Corp. will post 0.8 EPS for the current year.

About Lithium Americas

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Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.