Cormark Boosts Lithium Americas (LAC) Price Target to C$13.75

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Lithium Americas (TSE:LAC) had its price objective raised by Cormark from C$13.25 to C$13.75 in a report released on Friday morning.

Separately, Eight Capital raised Lithium Americas from a neutral rating to a buy rating and reduced their price target for the stock from C$13.60 to C$13.00 in a report on Friday, April 6th.

TSE LAC opened at C$7.54 on Friday. Lithium Americas has a twelve month low of C$3.90 and a twelve month high of C$14.06.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Monday, May 14th. The company reported C($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.08) by C$0.02. The company had revenue of C$1.39 million during the quarter, compared to analysts’ expectations of C$1.39 million. Lithium Americas had a negative return on equity of 52.25% and a negative net margin of 1,204.82%.

In related news, Director Franco Mignacco sold 15,000 shares of the company’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of C$7.22, for a total value of C$108,300.00.

About Lithium Americas

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and the Lithium Nevada Project covering approximately 15,233 hectares of area located in northwestern Nevada.

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