Lithium Americas (LAC) Stock Rating Upgraded by Canaccord Genuity

Lithium Americas (TSE:LAC) was upgraded by Canaccord Genuity from a “hold” rating to a “speculative buy” rating in a research note issued to investors on Friday. The brokerage presently has a C$11.00 target price on the stock, down from their prior target price of C$12.00. Canaccord Genuity’s price target points to a potential upside of 19.05% from the company’s current price.

Separately, National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and set a C$12.50 target price for the company in a research report on Friday.

Shares of Lithium Americas (LAC) traded down C$1.63 on Friday, reaching C$9.24. 3,453,807 shares of the company’s stock traded hands, compared to its average volume of 746,240. The stock has a market cap of $847.58, a PE ratio of -15.93 and a beta of 2.50. Lithium Americas has a fifty-two week low of C$3.85 and a fifty-two week high of C$14.06.

Lithium Americas (TSE:LAC) last announced its quarterly earnings results on Tuesday, November 14th. The company reported C($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.05) by C$0.01. Lithium Americas had a negative net margin of 1,204.82% and a negative return on equity of 52.25%.

In related news, Director Gabriel Rubacha bought 15,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of C$9.23 per share, with a total value of C$138,450.00. Over the last ninety days, insiders bought 35,000 shares of company stock valued at $290,650.

TRADEMARK VIOLATION NOTICE: “Lithium Americas (LAC) Stock Rating Upgraded by Canaccord Genuity” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at

Lithium Americas Company Profile

Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.

Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit