Lithium Americas Corp. (TSE:LAC) Director Jinhee Magie Buys 8,000 Shares

Lithium Americas Corp. (TSE:LAC) Director Jinhee Magie purchased 8,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average price of C$6.48 per share, for a total transaction of C$51,840.00.

Lithium Americas Stock Performance

Shares of TSE LAC opened at C$6.13 on Thursday. The business’s 50-day moving average price is C$7.85 and its two-hundred day moving average price is C$8.38. The company has a debt-to-equity ratio of 0.97, a current ratio of 8.38 and a quick ratio of 52.06. Lithium Americas Corp. has a one year low of C$5.17 and a one year high of C$31.34. The company has a market capitalization of C$992.94 million, a P/E ratio of -204.33 and a beta of 1.58.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Friday, March 15th. The company reported C($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.07). Analysts anticipate that Lithium Americas Corp. will post 1.3803828 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lithium Americas presently has a consensus rating of “Hold” and an average target price of C$22.75.

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.