Lithium Americas Corp (LAC) Given “Outperform” Rating at National Bank Financial

Lithium Americas Corp (TSE:LAC)‘s stock had its “outperform” rating restated by investment analysts at National Bank Financial in a note issued to investors on Monday, July 24th. They currently have a C$1.40 price objective on the stock. National Bank Financial’s price target would suggest a potential upside of 23.89% from the stock’s previous close.

Shares of Lithium Americas Corp (TSE:LAC) opened at 1.13 on Monday. Lithium Americas Corp has a one year low of $0.52 and a one year high of $1.26. The stock’s 50 day moving average is $0.96 and its 200-day moving average is $0.97. The stock’s market cap is $357.17 million.

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In other Lithium Americas Corp news, Director Gabriel Rubacha purchased 275,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of C$0.97 per share, for a total transaction of C$266,750.00. Also, insider Tracy Hansen sold 50,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of C$0.98, for a total transaction of C$49,000.00. In the last 90 days, insiders have bought 675,000 shares of company stock worth $606,750.

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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