Roth Capital Reaffirms Buy Rating for Lithium Americas (TSE:LAC)

Roth Capital reiterated their buy rating on shares of Lithium Americas (TSE:LAC) in a research note released on Monday morning, Zacks.com reports.

Separately, National Bank Financial reduced their price target on Lithium Americas from C$8.50 to C$6.25 and set an outperform rating for the company in a report on Thursday, May 23rd.

LAC opened at C$4.60 on Monday. The company has a debt-to-equity ratio of 116.08, a current ratio of 7.88 and a quick ratio of 7.29. The business has a 50 day simple moving average of C$4.97 and a 200-day simple moving average of C$5.12. The stock has a market capitalization of $412.31 million and a P/E ratio of -14.51. Lithium Americas has a 12 month low of C$3.74 and a 12 month high of C$6.69.

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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