Lithium Americas Corp. (TSE:LAC) Director Acquires C$51,840.00 in Stock

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

Lithium Americas Price Performance

Shares of LAC traded down C$0.28 during trading hours on Wednesday, reaching C$6.13. 965,262 shares of the company’s stock traded hands, compared to its average volume of 660,749. The stock has a market cap of C$992.94 million, a PE ratio of -205.00 and a beta of 1.58. 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 firm’s 50 day simple moving average is C$7.85 and its 200-day simple moving average is C$8.38. Lithium Americas Corp. has a 12 month low of C$5.17 and a 12 month high of C$31.34.

Lithium Americas (TSE:LAC) last released its earnings results on Friday, March 15th. The company reported C($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.07). Equities analysts expect that Lithium Americas Corp. will post 1.3803828 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped 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 report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.