BMO Capital lowered the firm’s price target on Lithium Americas (LAC) to $4.50 from $6 and keeps a Market Perform rating on the shares. The firm notes that its lower valuation reflects a higher capex inflation assumption at Thacker – 15% now vs. 10% previously – and ongoing dilution from at-the-market issuance, the analyst tells investors in a research note.
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Read More on LAC:
- Lithium Americas price target lowered to $5 from $7 at Deutsche Bank
- Lithium Americas Launches US$250 Million At-The-Market Program
- Lithium Americas sees FY26 capex $1.3B-$1.6B
- Lithium Americas reports FY25 EPS (50c) vs. (21c) last year
- Lithium Americas Highlights Strong Liquidity and Thacker Pass Progress