$LAC

2 stories mentioning LAC

Every FINWIRES story that references LAC, newest first.

National Bank of Canada Lowers Lithium Americas' Price Target to C$7.25 from C$7.50

National Bank of Canada on Thursday reiterated its sector-perform rating on the shares of Lithium Americas (LAC.TO, LAC) and lowered its price target to C$7.25 from C$7.50 following the company's first-quarter results.The bank updated its model for Lithium Americas following the release of the results to reflect the capital spent to date and an increase of $110 million to reflect potential inflationary pressures.Lithium Americas ended the first quarter with cash and restricted cash of US$1.21 billion, slightly below National Bank's estimate of US$1.25 billion, driven mostly by higher capex spend of US$299 million versus the bank's estimate of US$277 million.The company reiterated 2026 capex guidance of US$1.3 billion to US$1.6 billion. Phase one of the Thacker Pass project in Nevada remains on track for mechanical completion in late 2027 and a production ramp-up in 2028.Price: $6.90, Change: $-0.14, Percent Change: -1.99%

$LAC$LAC.TO

Wire55d ago

Lithium Americas Faces Key Year at Thacker Pass, Wedbush Says

Lithium Americas (LAC) is facing a defining execution year at Thacker Pass, which has evolved from a mining development project into a national security asset, Wedbush Securities said in a Monday note."We see FY26 as a key year for the Thacker Pass buildout with the favorable geopolitical backdrop for domestic lithium production," the report said.The note said construction momentum is building at the project and is fully funded through first production. It said Thacker Pass is underpinned among others by the world's largest known measured lithium resource, a $2.23 billion Department of Energy loan, and a GM joint venture with a 20-year offtake deal.Wedbush kept its neutral rating and $8 price target, saying that execution risk remains the primary overhang.Price: $5.06, Change: $+0.22, Percent Change: +4.44%

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