SA Headline: Lithium Americas +10% as Stifel rates new Buy

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SA Headline: Lithium Americas +10% as Stifel rates new Buy

posted on Dec 23, 2020 07:21PM

Lithium Americas (LAC +9.8%) rallies to a two-month high after Stifel initiates coverage with a Buy rating and $13.25 price target, as the company offers "attractive upside potential" as it executes on its growth strategy.
Lithium Americas is in the process of becoming one of the world's largest lithium producers and is finishing construction on the Cauchari-Olaroz Project in Argentina, Stifel's Anoop Prihar tells investors.
The analyst thinks the company will file a definitive feasibility study for its Thacker Pass project in Nevada in H1 2021, with commercial operations starting in 2024 and capable of producing 60K tons/year of lithium carbonate annually when fully operational.
LAC shares have been under selling pressure but "that has come to a close as the Thailand partner has exited," Austin Craig writes in a new bullish analysis published on Seeking Alpha.

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