Insider Selling: Lithium Americas Corp. (TSE:LAC) Senior Officer Sells C$23,051.21 in Stock

Lithium Americas Corp. (TSE:LAC) Senior Officer Edward Grandy sold 4,894 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$4.71, for a total transaction of C$23,051.21.

Lithium Americas Stock Down 3.4 %

Shares of Lithium Americas stock opened at C$4.54 on Friday. Lithium Americas Corp. has a 12-month low of C$2.87 and a 12-month high of C$10.59. The stock has a market capitalization of C$989.72 million, a P/E ratio of -28.38 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of C$5.03 and a two-hundred day moving average price of C$4.18.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wedbush raised Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. National Bankshares increased their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday. Finally, National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Lithium Americas presently has an average rating of “Moderate Buy” and a consensus price target of C$7.50.

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.