Lithium Americas Corp (LAC) Price Target Raised to C$1.90 at National Bank Financial
Lithium Americas Corp (TSE:LAC) had its price objective boosted by equities researchers at National Bank Financial from C$1.65 to C$1.90 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 11.76% from the company’s current price.
Lithium Americas Corp (TSE LAC) traded up 5.59% on Thursday, reaching $1.70. The company had a trading volume of 3,350,254 shares. Lithium Americas Corp has a 12 month low of $0.52 and a 12 month high of $1.80. The stock’s market capitalization is $744.86 million. The firm has a 50-day moving average of $1.20 and a 200-day moving average of $1.00.
In related news, Director John Kanellitsas acquired 100,000 shares of the business’s stock in a transaction on Friday, July 7th. The shares were bought at an average cost of C$0.67 per share, with a total value of C$67,000.00. Also, insider Tracy Hansen sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of C$0.98, for a total value of C$49,000.00. Over the last three months, insiders acquired 453,920 shares of company stock worth $386,978 and sold 271,478 shares worth $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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