Insider Buying: Lithium Americas Corp. (TSE:LAC) Director Buys 8,000 Shares of Stock

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

Lithium Americas Stock Performance

Shares of Lithium Americas stock opened at C$6.33 on Friday. Lithium Americas Corp. has a 12 month low of C$5.17 and a 12 month high of C$31.34. The company has a current ratio of 8.38, a quick ratio of 52.06 and a debt-to-equity ratio of 0.97. The company has a market capitalization of C$1.03 billion, a PE ratio of -211.00 and a beta of 1.58. The stock’s fifty day simple moving average is C$7.85 and its 200 day simple moving average is C$8.35.

Lithium Americas (TSE:LAC) last released its quarterly earnings data 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, research 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 target on 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$22.75.

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.