Lithium Americas Corp (TSE:LAC) had its target price upped by National Bank Financial from C$1.90 to C$2.30 in a report released on Wednesday. The brokerage currently has an outperform rating on the stock. National Bank Financial also issued estimates for Lithium Americas Corp’s FY2017 earnings at ($0.08) EPS, FY2019 earnings at ($0.06) EPS and FY2021 earnings at $0.08 EPS.
Separately, Canaccord Genuity downgraded Lithium Americas Corp from a speculative buy rating to a hold rating and boosted their target price for the stock from C$1.50 to C$1.90 in a research report on Wednesday, October 11th.
Lithium Americas Corp (TSE LAC) opened at 2.11 on Wednesday. Lithium Americas Corp has a 1-year low of $0.52 and a 1-year high of $2.31. The firm’s market capitalization is $922.54 million. The company has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.16.
COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/28/national-bank-financial-raises-lithium-americas-corp-lac-price-target-to-c2-30.html.
In other news, insider Eduard Epshtein sold 50,356 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of C$1.05, for a total value of C$52,873.80. Also, Director Franco Mignacco sold 25,000 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of C$1.70, for a total value of C$42,500.00. Over the last 90 days, insiders bought 128,920 shares of company stock worth $157,228 and sold 246,478 shares worth $95,374.
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.
Receive News & Ratings for Lithium Americas Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas Corp and related companies with MarketBeat.com's FREE daily email newsletter.