B. Riley analyst Matthew Key raised the firm’s price target on Lithium Americas (LAC) to $5 from $4.50 and keeps a Buy rating on the shares following the Q3 report. The firm says pre-construction work at Thacker Pass continues to advance on schedule, and Lithium Americas is working towards a final investment decision for the project, which is expected by the end of this year. Following the closure of the Department of Energy loan, the analyst increased the price target
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAC:
- Lithium Americas Reports Strong Q3 2024 Progress
- Lithium Americas (LAC) Progresses on Lithium Resource and Partners with General Motors
- Lithium Americas price target raised to $3 from $2.50 at Scotiabank
- Lithium Americas Partners with GM for Thacker Pass
- Lithium Americas Secures DOE Loan and GM Partnership