Shares of Lithium Americas Corp. (TSE:LAC – Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as C$3.77 and last traded at C$3.60, with a volume of 221527 shares changing hands. The stock had previously closed at C$3.74.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. National Bankshares set a C$7.00 price target on shares of Lithium Americas and gave the stock a “sector perform” rating in a research note on Thursday, June 6th. Eight Capital upgraded shares of Lithium Americas to a “strong-buy” rating in a report on Tuesday, May 14th. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$9.00.
Read Our Latest Report on Lithium Americas
Lithium Americas Stock Performance
Lithium Americas (TSE:LAC – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). Lithium Americas had a negative net margin of 160.61% and a negative return on equity of 2.11%. Sell-side analysts anticipate that Lithium Americas Corp. will post 1.3803828 EPS for the current fiscal year.
Insiders Place Their Bets
In other Lithium Americas news, Senior Officer Samuel William Pigott purchased 30,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of C$3.60 per share, with a total value of C$108,000.00. In related news, Senior Officer Samuel William Pigott purchased 30,000 shares of Lithium Americas stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average cost of C$3.60 per share, for a total transaction of C$108,000.00. Also, Director John Kanellitsas acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average price of C$3.89 per share, for a total transaction of C$194,500.00. In the last quarter, insiders acquired 80,400 shares of company stock valued at $303,840. Corporate insiders own 7.53% of the company’s stock.
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.
See Also
- Five stocks we like better than Lithium Americas
- How to Invest in the Best Canadian Stocks
- First Solar Stock: The Dawn of a New Rally in Share Prices
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- How to Calculate Return on Investment (ROI)
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
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 MarketBeat.com's FREE daily email newsletter.