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An update from Lithium Americas Corp. ( (TSE:LAC) ) is now available.
Lithium Americas Corp. has released its 2024 ESG-S report detailing its performance in health, safety, environmental responsibility, and governance during the initial construction phase of the Thacker Pass project. The report highlights the creation of approximately 2,000 jobs in northern Nevada and the company’s efforts to strengthen U.S. national security and economic benefits. The report aligns with global standards and emphasizes the company’s commitment to safety, governance, and community engagement.
The most recent analyst rating on (TSE:LAC) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Lithium Americas Corp. stock, see the TSE:LAC Stock Forecast page.
Spark’s Take on TSE:LAC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LAC is a Neutral.
Lithium Americas Corp.’s overall score reflects its financial struggles with persistent losses and cash flow issues. However, recent corporate events provide a positive outlook with secured funding for key projects, which could improve future financial stability. Technical analysis shows mixed signals, and valuation concerns remain due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:LAC stock, click here.
More about Lithium Americas Corp.
Lithium Americas Corp. is focused on developing the Thacker Pass project in northern Nevada, which holds the largest known lithium resource and reserve globally. The company aims to advance Phase 1 of Thacker Pass to produce 40,000 tonnes per year of battery-quality lithium carbonate. It operates as a joint venture with General Motors Holdings LLC and collaborates with Bechtel for construction.
Average Trading Volume: 667,740
Technical Sentiment Signal: Hold
Current Market Cap: C$853.7M
Learn more about LAC stock on TipRanks’ Stock Analysis page.