LAC
Lithium AmericasLAC
LAC
About: Lithium Americas is a pure-play lithium producer. The firm owns 62% of one resource, Thacker Pass, that is located in northwest Nevada, with automaker General Motors owning the remaining 38%. 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 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
19% more call options, than puts
Call options by funds: $4.85M | Put options by funds: $4.06M
7% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 60
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
3% less capital invested
Capital invested by funds: $194M [Q2] → $187M (-$6.58M) [Q3]
1.89% less ownership
Funds ownership: 31.99% [Q2] → 30.1% (-1.89%) [Q3]
8% less funds holding
Funds holding: 227 [Q2] → 209 (-18) [Q3]
46% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 39
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2.50
16%
downside
Avg. target
$4.17
40%
upside
High target
$5
68%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Wedbush Daniel Ives 80% 1-year accuracy 110 / 137 met price target | 68%upside $5 | Neutral Initiated | 19 Dec 2024 |
B. Riley Securities Matthew Key 43% 1-year accuracy 3 / 7 met price target | 68%upside $5 | Buy Maintained | 12 Nov 2024 |
Scotiabank Ben Isaacson 8% 1-year accuracy 1 / 12 met price target | 16%downside $2.50 | Sector Perform Maintained | 18 Oct 2024 |
Financial journalist opinion
Based on 4 articles about LAC published over the past 30 days
Neutral
Zacks Investment Research
1 week ago
Wall Street Bulls Look Optimistic About Lithium Americas Corp. (LAC): Should You Buy?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Positive
MarketBeat
3 weeks ago
3 Small-Cap Stocks That Are Ready to Rocket Higher
The Russell 2000 Index, often called the small-cap index, is up about 19.6% in 2024. Much of that gain has come in the last six months, and the clarity after the U.S. presidential election is stirring animal spirits in the sector.
Positive
Zacks Investment Research
3 weeks ago
Lithium Americas Shares Rise 44% in 3 Months: How to Play the Stock?
While LAC is well-placed to capitalize on the transformation to a more electrified future, uncertainties over project completion may impact its prospects.
Positive
Seeking Alpha
4 weeks ago
Lithium Americas: Long-Term Value And Growth As US Poised To Dominate Lithium By 2035
Lithium Americas offers significant long-term value despite the current lithium market glut and stock price declines due to its large Thacker Pass deposit and low-cost production potential. LAC benefits from strong US government support and General Motors' investment, positioning it well for future growth in the domestic EV supply chain. Key risks include potential project delays, cost overruns, and further lithium price declines due to economic slowdowns and increased supply.
Positive
Seeking Alpha
1 month ago
Lithium Americas: High Risk, But Very High Potential Reward In This Lithium Supply Gap Play
LAC is an early-stage lithium producer with a promising asset in Nevada, poised to benefit from the projected lithium supply gap over the next two decades. Despite current oversupply issues, LAC's Thacker Pass project is well-funded and on track to begin production by 2027, with significant revenue potential. LAC's partnership with General Motors and federal support de-risk the project, making the stock undervalued with a potential 5x upside.
Positive
The Motley Fool
1 month ago
2 Incredible Growth Stocks That Could Power the Fourth Industrial Revolution
2 Incredible Growth Stocks That Could Power the Fourth Industrial Revolution
Neutral
Business Wire
1 month ago
Lithium Americas Reports Third Quarter 2024 Results
VANCOUVER, British Columbia--(BUSINESS WIRE)---- $LAC #Nevada--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported its financial and operating results for the nine months ended September 30, 2024 (“Q3 2024”) and has filed its condensed consolidated interim financial statements (“Financials”) and management's discussion and analysis (“MD&A”). Jonathan Evans, President and Chief Executive Officer of Lithium Americas said, “This past year has been pivotal in moving.
Neutral
PRNewsWire
1 month ago
NACCO INDUSTRIES ANNOUNCES THIRD QUARTER 2024 RESULTS
Consolidated Q3 2024 Highlights: Operating profit of $19.7 million compared with Q3 2023 $6.3 million operating loss Q3 2024 includes $13.6 million of business interruption insurance income Net income of $15.6 million versus Q3 2023 net loss of $3.8 million CLEVELAND , Oct. 30, 2024 /PRNewswire/ -- NACCO Industries® (NYSE: NC) today announced the following consolidated results for the three months ended September 30, 2024. Comparisons in this news release are to the three months ended September 30, 2023, unless otherwise noted.
Neutral
Business Wire
1 month ago
Lithium Americas Closes $2.26 Billion U.S. DOE ATVM Loan
VANCOUVER, British Columbia--(BUSINESS WIRE)---- $LAC #Nevada--Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) is pleased to announce the closing of a $2.26 billion loan from the U.S. Department of Energy's (“DOE”) Loan Programs Office (“LPO”) under the Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program (the “DOE Loan”) for financing the construction of the processing facilities at Thacker Pass, located in Humboldt County, Nevada (“Thacker Pass” or the “Project”.
Positive
Stockmarketcom
1 month ago
2 Lithium Stocks To Watch In October 2024
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