Today, an analyst has provided a rating update for the Materials sector company, Lithium Americas (LAC). The company received a Buy rating from National Bank’s analyst Rupert Merer, with a C$8.50 price target.
Merer has an average return of 22.2% when recommending Lithium Americas.
According to TipRanks.com, Merer is ranked #3910 out of 5229 analysts.
Currently, the analyst consensus on Lithium Americas is a Moderate Buy with an average price target of C$10.85.
Lithium Americas’ market cap is currently C$494.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 4.09.
Lithium Americas Corp. is a resource company, which engages in advancing lithium development projects. It operates through the following business segments: Organoclay, Lithium Nevada, and Cauchari-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.
The company’s shares closed on Tuesday at C$5.78.
