Stifel Nicolaus analyst Cole McGill maintained a Buy rating on Lithium Americas Corp. (LAC – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $3.83.
According to TipRanks, McGill is an analyst with an average return of -24.6% and a 20.00% success rate. McGill covers the Basic Materials sector, focusing on stocks such as Arizona Metals, Lithium Americas (Argentina) Corp., and Lithium Americas Corp..
Currently, the analyst consensus on Lithium Americas Corp. is a Moderate Buy with an average price target of $11.75, which is a 206.79% upside from current levels. In a report released on January 29, TD Cowen also maintained a Buy rating on the stock with a $8.00 price target.
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The company has a one-year high of $12.38 and a one-year low of $3.81. Currently, Lithium Americas Corp. has an average volume of 2.54M.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAC in relation to earlier this year.
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Lithium Americas Corp. (LAC) Company Description:
Lithium Americas is a pure-play North American lithium company focused on advancing the 100%-owned Thacker Pass to production. Thacker Pass is located in northern Nevada and is the largest known Measured and Indicated (M&I) lithium resource in the U.S. The project commenced construction in early 2023 and is expected to employ over 1,000 workers during construction and create 500 permanent jobs during operations over its 40-year mine life. The company trades on both the Toronto Stock Exchange (TSX: LAC) and on the New York Stock Exchange (NYSE: LAC).
Read More on LAC:
- Lithium Americas price target lowered to $8 from $13 at TD Cowen
- Lithium Americas Stock (NYSE:LAC): Positioned to Profit from an EV Boom
- Lithium Americas falls -11.2%
- Lithium Americas price target lowered to $6 from $7 at Deutsche Bank
- Lithium Americas initiated with neutral view at JPMorgan, here’s why
