Lithium Americas (TSE:LAC) was upgraded by investment analysts at Eight Capital from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a C$13.00 price target on the stock, down from their previous price target of C$13.60. Eight Capital’s price objective points to a potential upside of 90.34% from the stock’s current price.
Separately, Canaccord Genuity upgraded Lithium Americas from a “hold” rating to a “speculative buy” rating and decreased their price objective for the company from C$12.00 to C$11.00 in a research note on Friday, January 19th.
Shares of LAC opened at C$6.83 on Friday. Lithium Americas has a 1 year low of C$3.90 and a 1 year high of C$14.06.
In other Lithium Americas news, Director George R. Ireland bought 46,719 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was purchased at an average price of C$6.76 per share, for a total transaction of C$315,820.44. Also, Director George R. Ireland bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average price of C$6.20 per share, with a total value of C$93,000.00. Insiders bought a total of 62,919 shares of company stock valued at $417,094 in the last quarter.
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Lithium Americas Company Profile
Lithium Americas Corp., a resource company, engages in the acquisition, exploration, and development of mineral properties in Nevada. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.
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