In a report released today, Cole McGill from Stifel Nicolaus maintained a Buy rating on Lithium Americas Corp. (LAC – Research Report), with a price target of $15.00. The company’s shares closed last Friday at $4.23.
McGill covers the Basic Materials sector, focusing on stocks such as Arizona Metals, Lithium Americas Corp., and Lithium Americas (Argentina) Corp.. According to TipRanks, McGill has an average return of -23.4% and a 21.28% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lithium Americas Corp. with a $11.49 average price target, a 171.63% 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 2.58M.
Based on the recent corporate insider activity of 20 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).
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