Lithium Americas Corp (LAC) Rating Reiterated by Canaccord Genuity
Lithium Americas Corp (TSE:LAC)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity in a note issued to investors on Monday. They presently have a C$1.10 price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 30.95% from the company’s previous close.
Lithium Americas Corp (TSE:LAC) opened at 0.84 on Monday. The company’s 50-day moving average price is $0.90 and its 200-day moving average price is $0.87. Lithium Americas Corp has a 12 month low of $0.44 and a 12 month high of $1.14. The stock’s market cap is $252.54 million.
About Lithium Americas Corp
Lithium Americas Corp, formerly Western Lithium USA Corporation, is a Canada-based company, which is focused on the development of Cauchari-Olaroz Lithium Project and the Lithium Nevada project. The Company’s segments include Hectatone, Lithium Nevada, Cauchari-Olaroz and Corporate. The Company’s Cauchari-Olaroz Lithium Project is a lithium brine mineral project located in Jujuy province, Argentina.
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