Eight Capital Boosts Lithium Americas (TSE:LAC) Price Target to C$13.75

Lithium Americas (TSE:LAC) had its price objective increased by equities research analysts at Eight Capital from C$13.20 to C$13.75 in a research report issued to clients and investors on Wednesday, April 3rd, Stock Target Advisor reports. Eight Capital’s price target suggests a potential upside of 175.00% from the company’s previous close.

Separately, National Bank Financial dropped their price objective on shares of Lithium Americas from C$10.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday, April 2nd.

Shares of LAC stock opened at C$5.00 on Wednesday. The firm has a market capitalization of $474.38 million and a price-to-earnings ratio of -15.67. The company has a quick ratio of 12.93, a current ratio of 13.97 and a debt-to-equity ratio of 22.56. Lithium Americas has a one year low of C$3.74 and a one year high of C$8.85.

Lithium Americas (TSE:LAC) last announced its quarterly earnings results on Monday, April 1st. The company reported C($0.06) EPS for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.04. The firm had revenue of C$1.95 million during the quarter, compared to analyst estimates of C$1.44 million. As a group, equities research analysts predict that Lithium Americas will post -0.360000030937503 earnings per share for the current fiscal year.

Lithium Americas Company Profile

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.

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