Lithium Americas Corp (LAC) PT Raised to C$1.90
Lithium Americas Corp (TSE:LAC) had its target price upped by equities researchers at National Bank Financial from C$1.65 to C$1.90 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 11.76% from the stock’s previous close.
Shares of Lithium Americas Corp (LAC) opened at 1.70 on Thursday. The company’s 50 day moving average is $1.20 and its 200 day moving average is $1.00. The firm’s market capitalization is $743.28 million. Lithium Americas Corp has a 12-month low of $0.52 and a 12-month high of $1.80.
In related news, insider Eduard Epshtein sold 50,356 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$1.05, for a total transaction of C$52,873.80. Also, Director Jonathan David Evans bought 50,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of C$0.84 per share, with a total value of C$42,000.00. Over the last three months, insiders have purchased 453,920 shares of company stock valued at $386,978 and have sold 271,478 shares valued at $101,874.
Lithium Americas Corp Company Profile
Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.
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