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Lithium Americas Corp. ( (TSE:LAC) ) just unveiled an announcement.
Lithium Americas Corp. is addressing media reports about its $2.26 billion loan from the U.S. Department of Energy, which is crucial for its Thacker Pass lithium project. The company is in discussions with the DOE and General Motors to resolve conditions for the first draw of the loan, which could impact the project’s timeline and stakeholder interests.
The most recent analyst rating on (TSE:LAC) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Lithium Americas Corp. stock, see the TSE:LAC Stock Forecast page.
Spark’s Take on TSE:LAC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LAC is a Neutral.
Lithium Americas Corp.’s overall score reflects its financial struggles with persistent losses and cash flow issues. However, recent corporate events provide a positive outlook with secured funding for key projects, which could improve future financial stability. Technical analysis shows mixed signals, and valuation concerns remain due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:LAC stock, click here.
More about Lithium Americas Corp.
Lithium Americas Corp. is a company focused on developing the Thacker Pass lithium project in northern Nevada, which holds the world’s largest known lithium resource and reserve. The company, in partnership with General Motors, aims to advance Phase 1 of Thacker Pass to produce 40,000 tonnes per year of battery-quality lithium carbonate. The project is expected to create nearly 2,000 direct jobs and is managed by Lithium Americas, which holds a 62% interest.
Average Trading Volume: 956,810
Technical Sentiment Signal: Buy
Current Market Cap: C$1.1B
See more insights into LAC stock on TipRanks’ Stock Analysis page.