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

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

Lithium Americas Stock Down 4.4 %

Shares of TSE LAC traded down C$0.28 during midday trading on Wednesday, hitting C$6.13. The company’s stock had a trading volume of 965,262 shares, compared to its average volume of 660,749. The business’s fifty day simple moving average is C$7.85 and its two-hundred day simple moving average is C$8.38. The firm has a market capitalization of C$992.94 million, a price-to-earnings ratio of -205.00 and a beta of 1.58. Lithium Americas Corp. has a 1 year low of C$5.17 and a 1 year high of C$31.34. 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 (TSE:LAC) last issued its earnings results on Friday, March 15th. The company reported C($0.11) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.07). On average, equities analysts predict that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Wall Street Analysts Forecast Growth

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