LAC

Lithium Americas
LAC
Market cap $685M

3.14 USD

-0.10

3.09%

At close Oct 18, 4:00 PM EDT

After hours

3.15

+0.01

0.32%

1 day

-3.09%

5 days

9.03%

1 month

34.19%

3 months

9.79%

6 months

-32.62%

Year to date

-50.39%

1 year

-61.52%

5 years

-80.41%

About: Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

105% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 38

28% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 39

5% more funds holding

Funds holding: 216 [Q1] → 227 (+11) [Q2]

1.38% more ownership

Funds ownership: 30.17% [Q1] → 31.55% (+1.38%) [Q2]

5% less call options, than puts

Call options by funds: $3.51M | Put options by funds: $3.69M

38% less capital invested

Capital invested by funds: $309M [Q1] → $191M (-$117M) [Q2]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$2.50

20%

downside

Avg. target

$3.40

8%

upside

High target

$4.50

43%

upside

6 analyst ratings

2 positive

33%

4 neutral

67%

0 negative

0%

Scotiabank Ben Isaacson 17% 1-year accuracy 2 / 12 met price target	20%downside $2.50	Sector Perform Maintained	18 Oct 2024
Deutsche Bank Corinne Blanchard 0% 1-year accuracy 0 / 4 met price target	20%downside $2.50	Hold Maintained	16 Aug 2024
B. Riley Securities Matthew Key 57% 1-year accuracy 4 / 7 met price target	27%upside $4	Buy Maintained	16 Aug 2024
Scotiabank Ben Isaacson 17% 1-year accuracy 2 / 12 met price target	4%downside $3	Sector Perform Maintained	15 Aug 2024
B. Riley Securities Matthew Key 57% 1-year accuracy 4 / 7 met price target	43%upside $4.50	Buy Maintained	31 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 19 articles about LAC published over the past 30 days

Lithium Americas: This Surge Is Only The Beginning

The lithium market is recovering, with Arcadium Lithium's $6.7B takeover by Rio Tinto signaling rising future lithium prices due to increasing EV demand. Lithium Americas stock is undervalued, with positive developments at Thacker Pass and potential DOE funding, making it a strong investment opportunity. LAC's technical momentum is improving, with a long-term bottoming pattern and favorable risk-reward ratio, suggesting significant upside potential.

Lithium Americas: This Surge Is Only The Beginning

Zacks Investment Research

Lithium Americas Corp. (LAC) Registers a Bigger Fall Than the Market: Important Facts to Note

In the most recent trading session, Lithium Americas Corp. (LAC) closed at $3.24, indicating a -1.52% shift from the previous trading day.

Lithium Americas Corp. (LAC) Registers a Bigger Fall Than the Market: Important Facts to Note

Lithium Americas: The Unloved Market Is Getting Some Attention

The new ownership structure of Thacker Pass, with Lithium Americas holding 62% and General Motors 38%, is a positive development for the company. GM's $625 million investment, including $430 million in cash and $195 million in letters of credit, provides crucial capital for Thacker Pass. Despite asset dilution, the GM partnership and DOE loan will help LAC complete Thacker Pass by 2028, unlocking significant future growth potential.

Lithium Americas: The Unloved Market Is Getting Some Attention

Lithium Americas: You Ain't Seen Nothing Yet

The General Motors funding de-risks the project and triggers conditions to unlock a pending $2.3 billion DoE loan, expected to close in weeks. LAC has expansion capability beyond the initial mining phases being reported. The long-term outlook for Lithium Americas is strong, driven by increasing lithium adoption, be it transportation or fixed storage.

Lithium Americas: You Ain't Seen Nothing Yet

Lithium Americas president says 3rd largest lithium supply is ‘in our front yard'

Lithium Americas president and CEO Jonathan Evans discusses the increased investment in the company's Thacker Pass mine in Nevada on ‘The Bottom Line.'

Lithium Americas president says 3rd largest lithium supply is ‘in our front yard'

Mine Deal With GM Sends Lithium Americas Stock Flying

Shares of Lithium Americas (LAC) skyrocketed Wednesday after the mining company announced the creation of a joint venture with General Motors (GM) to extract lithium, the element used in electric vehicle (EV) batteries, from a key Nevada mine.

Mine Deal With GM Sends Lithium Americas Stock Flying

Proactive Investors

General Motors to invest $625M in Lithium Americas' Thacker Pass project

General Motors Company (NYSE:GM) will invest $625 million into a joint venture with Lithium Americas Corp (TSX:LAC, NYSE:LAC) to advance the Thacker Pass lithium carbonate mine in Humboldt County, Nevada. GM will acquire a 38% interest in the project by committing $625 million in cash and letters of credit while Lithium Americas will contribute $387 million in funding for 62% ownership in the project.

General Motors to invest $625M in Lithium Americas' Thacker Pass project

GM agrees to $625 million joint venture to mine EV battery raw materials in U.S.

GM has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the company. The deal is centered on the development, construction and operation of a lithium carbonate mining operation called Thacker Pass in Humboldt County, Nevada.

GM agrees to $625 million joint venture to mine EV battery raw materials in U.S.

Investors Business Daily

General Motors Bets $625 Million On Lithium Americas Project; LAC Stock Jumps

Lithium Americas will get a further $625 million from General Motors to move forward with its Thacker Pass, Nev., mine. LAC stock jumped.

General Motors Bets $625 Million On Lithium Americas Project; LAC Stock Jumps

Lithium Americas Says GM Boosts Investment in Lithium Project

Canada's Lithium Americas said General Motors will boost investment in the miner's Thacker Pass project, which produces the critical ingredient for electric-vehicle batteries.

Lithium Americas Says GM Boosts Investment in Lithium Project

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