Key Points
- On Nov. 14, insider Aubree Barnum sold 4,763 shares at C$6.33 for a total of C$30,149.79, trimming her holding by 6.69% to 66,397 shares worth C$420,293.01.
- Shares opened at C$7.04 and were trading down ~4.1%, with a 52‑week range of C$3.30–C$14.75, a market cap of C$2.14 billion and a negative P/E of -6.52.
- Analysts' consensus is a Hold with an average target of C$8.25 after mixed upgrades/downgrades, and the company has no current lithium production but expects projects in Argentina and Nevada to come online through the mid‑ to late‑2020s.
Lithium Americas Corp. (TSE:LAC - Get Free Report) insider Aubree Barnum sold 4,763 shares of the company's stock in a transaction dated Friday, November 14th. The stock was sold at an average price of C$6.33, for a total transaction of C$30,149.79. Following the transaction, the insider owned 66,397 shares of the company's stock, valued at C$420,293.01. This represents a 6.69% decrease in their position.
Lithium Americas Trading Down 4.1%
Shares of TSE:LAC opened at C$7.04 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 52.06 and a current ratio of 13.88. Lithium Americas Corp. has a 1-year low of C$3.30 and a 1-year high of C$14.75. The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -6.52 and a beta of 1.26. The company has a 50 day moving average price of C$8.26 and a 200 day moving average price of C$5.73.
Analysts Set New Price Targets
A number of research analysts have recently commented on LAC shares. National Bankshares increased their price objective on Lithium Americas from C$5.00 to C$10.00 and gave the company a "sector perform" rating in a report on Thursday, October 2nd. Cormark raised shares of Lithium Americas from a "hold" rating to a "moderate buy" rating in a research report on Friday, November 21st. Scotiabank raised shares of Lithium Americas from a "strong sell" rating to a "hold" rating in a research report on Thursday, November 13th. Canaccord Genuity Group set a C$6.50 target price on Lithium Americas and gave the stock a "hold" rating in a research report on Wednesday, November 19th. Finally, TD Cowen downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$8.25.
Read Our Latest Analysis on Lithium Americas
Lithium Americas Company Profile
(
Get Free Report)
Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s.
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