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
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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
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