National Bank Financial Raises Lithium Americas Corp (LAC) Price Target to C$2.30

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.

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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.

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