Lithium Americas Corp. (LAC) closed the latest trading day at $2.31, indicating a +0.87% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.15%. Shares of the lithium producer witnessed a loss of 15.81% over the previous month, trailing the performance of the Basic Materials sector with its gain of 1.99% and the S&P 500's gain of 2%. The investment community will be paying close attention to ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lithium Americas Corp. (LAC) . Lithium Americas Corp. currently has an ave ...

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION Supplemental cash flow information (Note 20) The Company is focused on advancing the Thacker Pass project ("Thacker Pass"), a sedimentary-based lithium project located in the McDermitt Caldera in Humboldt County in north-western Nevada, USA. Thacker Pass is 100%-owned by Lithium Nevada Corp., which is wholly owned by 1339840 B.C. Ltd., a wholly-owned subsidiary of the Company. The head office and principal address of the Company is Suite 3260, ...

Let's take a look at what these Wall Street heavyweights have to say about Lithium Americas Corp. (LAC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Of the 14 recommendations that derive the current ABR, seven are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 50% and 14.3% of all recommendations. While the ABR calls for buying Lithium Americas Corp., it may not be wise to make an investment decision solely based on this infor ...

Analysts and investors alike will be keeping a close eye on the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 179, positioning it in the bottom 29% of all 250+ industries. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. In the latest market close, Lithium Americas Corp. (LAC) reached $2. ...

Of course, this project will require significant capital to move forward. And given where lithium prices are, there are specific risks with this stock that investors should be aware of. With $147 million of cash on its balance sheet, Lithium Americas does have some runway to move forward. But many in the market are spooked by the company's recent public offering of 55 million shares of common stock. While this generated $275 million in liquidity, it also diluted investors. However, alongside this higher ris ...

Group 1: Surge Battery Metals - Surge Battery Metals recognized as one of the 2024 Top 50 mining companies on the TSX Venture Exchange, attributed to share price appreciation, trading volume, and market capitalization growth [2] - Completion of four drill holes for the 2024 Nevada North Lithium Project confirmed mineralized clay horizons, with four additional holes underway to expand the mineralized clay footprint [3] - The existing inferred resource of lithium carbonate equivalent is 4.67 million tonnes, indicating potential for future mining activity [13] Group 2: Nikola - Nikola continues to grow its hydrogen fuel cell truck business, securing orders for 140 trucks from 12 customers in Q1 2023 and delivering 40 fuel cell electric vehicles [6] - Plans to expand hydrogen and battery-electric offerings in 2024, aiming for 14 hydrogen fueling solutions to position hydrogen vehicles as a viable alternative to electric vehicles [7] - A 1-for-30 reverse stock split announced, reducing authorized share count to 1 billion, leading to a significant stock decline [14] Group 3: Lithium Americas - Lithium Americas has a market capitalization of $610 million, contrasting with the Thacker Pass asset's estimated $5.7 billion after-tax net present worth, expected to generate strong EBITDA and cash flows upon production starting in 2027 [8] - The U.S. Department of Energy provisionally agreed to a $2.26 billion loan for the company, indicating confidence in the asset's ability to cover the loan [8] - Recent partnerships and funding include a $650 million investment from General Motors for its Nevada project and $275 million raised through equity dilution to complete the project on schedule [17]

To follow LAC in the coming trading sessions, be sure to utilize Zacks.com. Analysts and investors alike will be keeping a close eye on the performance of Lithium Americas Corp. in its upcoming earnings disclosure. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outsideaudited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 14.37% lower within the past month. Righ ...

Lithium Americas Corp. (NYSE:LAC) Q1 2024 Earnings Conference Call May 14, 2024 10:00 AM ET Company Participants Kelly O’Brien - Vice President, Investor Relations and ESG Sam Pigott - President and CEO, Lithium Argentina Alex Shulga - Vice President and CFO Conference Call Participants Apurva Kilambi - Scotiabank David Deckelbaum - TD Cowen Joel Jackson - BMO Capital Markets Katie Lachapelle - Canaccord Genuity Noel Parks - Tuohy Brothers Mac Whale - Cormark Securities Operator Thank you for standing by. M ...

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