|Bid||21.37 x 800|
|Ask||21.38 x 800|
|Day's Range||20.50 - 21.40|
|52 Week Range||17.58 - 33.10|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 26, 2023 - Jul 31, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.17|
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In the latest trading session, Lithium Americas Corp. (LAC) closed at $21.21, marking a +1.73% move from the previous day.
2022 proved to be tumultuous for several industries, but 2023 has been off to a good start and with inflation finally cooling down, it looks like there is light at the end of the tunnel for investors to capture high return mining stocks. Mining companies have been making investments and acquisitions knowing that whatever the turbulence they face, the energy demand will continue to remain. This is where high potential mining stocks come into play. When it comes to mining industries, they are awar
With sentiments still bearish for EV stocks, it’s a good time to accumulate some of the best battery stocks with high growth potential. Looking beyond near-term headwinds, the growth story for EVs is still at an early stage. To put things into perspective, the battery value chain will likely see 14-fold growth in demand by 2030. It’s expected that annual battery production revenue will be $300 billion by the end of the decade. If these numbers hold true, there is immense headroom for growth for
As the electric vehicle revolution surges ahead, the best battery stocks are under the spotlight. These companies will power the future, in line with the proliferation of EV demand. The International Energy Agency predicts roughly one in five cars globally will be electric this year. This shift should supercharge the EV battery market. In fact, Fortune Business Insights suggests that the global EV battery market is projected to leap from $37.9 billion in 2021 to a whopping $98.9 billion by 2029.
Lithium prices have crashed after a two-year bull run led by soaring demand in China. The spot price of lithium plunged 70% between last November and April of this year. The key component in electric vehicle (EV) batteries has been driven lower by a downturn in China’s EV market, and also by a weakening global economy and slumping consumer demand for electric vehicles worldwide. While the crash in lithium prices has been disheartening, it has brought down the prices of some high-flying stocks of
After a big rally in 2022, lithium has been in a correction mode. This does not come as a surprise to many investors, as profit-taking coupled with supply growth providing plenty of fodder for the recent correction. Accordingly, as lithium prices have declined, so too have the stock prices of some of the top lithium stocks. That said, I remain bullish on the long-term fundamentals for the lithium market. It’s therefore a good time to look at some of the best lithium stocks to buy after a correct
(Bloomberg) -- The world’s fastest-growing lithium producer says it could soon gain access to the US market.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a WeekArgentina has been lobbying to get in on President Joe Biden’s electric-vehi
Based on the average brokerage recommendation (ABR), Lithium Americas Corp. (LAC) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. How easy is it to earn a million dollars? In their 1996 book The Millionaire Next Door, Thomas Stanley and William Danko made it sound effortless. In that now-classic book, they revealed that most American millionaires earned their wealth by simply saving money and wisely investing it.InvestorPlace - Stock Market News, Stock Advice & Trading Tips In fact, they
Lithium stocks are back on the rise. SQM confirmed an inflection point for lithium, even as Q1 earnings fell short.
Electric vehicle stocks have emerged as one of the most sought-after investments. Furthermore, in the coming years, industry-leading EV companies are poised to dominate the auto market. In fact, the sector is expected to grow by a staggering $917 billion globally by 2028, boasting a compound annual growth rate of 20.6%. Therefore, the growth potential for the EV industry appears astronomical, pointing to a massive upside for high-reward EV stocks, including: TSLA Tesla $176.89 NIO Nio $7.82 LAC
Lithium demand – and related lithium stocks could go into overdrive, especially with electric vehicle sales set to accelerate. According to the International Energy Agency (IEA), “Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth.” In addition, the IEA noted, “The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million electric cars were sold worldwide in 20
Canada's main stock index traded lower on Wednesday for the second straight session, weighed by mining stocks, although oil refining firm Gibson Energy reported a strong annual outlook. Gibson Energy Inc rose 4.4% after the company lifted its annual growth capital outlook and sanctioned two new tanks at Edmonton Terminal; it was set for its best day in over a year, if gains hold. The broader energy sector housing the stock traded 0.1% up, tracking strong crude oil prices.
The U.S. Interior Department on Tuesday removed one of the last remaining obstacles to Lithium Americas Corp's Thacker Pass mine project in Nevada by finding nearly all of the site contains the metal used to make electric-vehicle batteries. The opinion from the department's solicitor comes amid an acrimonious debate about whether more U.S. mines should be built to produce lithium and other green energy transition metals. A federal judge in February rejected claims that the Thacker Pass project would cause unnecessary harm to the environment, but ordered officials to study whether roughly 1,300 acres (530 hectares) at the site where Lithium Americas hopes to store waste rock - a byproduct of the mining process - contained the metal.
(Reuters) -The U.S. Interior Department on Tuesday removed one of the last remaining obstacles to Lithium Americas Corp's Thacker Pass mine project in Nevada by finding nearly all of the site contains the metal used to make electric-vehicle batteries. The opinion from the department's solicitor comes amid an acrimonious debate about whether more U.S. mines should be built to produce lithium and other green energy transition metals. A federal judge in February rejected claims that the Thacker Pass project would cause unnecessary harm to the environment, but ordered officials to study whether roughly 1,300 acres (530 hectares) at the site where Lithium Americas hopes to store waste rock - a byproduct of the mining process - contained the metal.
Canada's main stock index slipped on Tuesday and logged its worst day in three weeks after data showed consumer inflation unexpectedly rose in April, the first time in 10 months. A report by Statistics Canada showed that April annual consumer inflation had surprisingly ticked up, fueled by higher rental and mortgage interest costs. However, a large majority of market participants are expecting the Bank of Canada (BoC) to continue to hold the benchmark rate at 4.5%.
VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported financial and operating results for the first quarter ended March 31, 2023 (“Q1 2023”). HIGHLIGHTS Argentina Caucharí-Olaroz Mechanical construction completed to target first lithium production in June 2023. With all key systems for the production of first lithium completed, the commissioning team commenced production testing of the purifi
Separation of Lithium Americas Approved by Board Reorganization of Lithium Americas will Result in the Separation of its North American and Argentine business units into two independent public companies Lithium Americas intends to file circular with details on the Separation by end of June 2023;Separation will be presented to shareholders for approval at AGM expected for July 31, 2023 VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) ("Li
Baird analyst Ben Kallo upgraded the lithium miner to Buy from Hold. His price target went to $288 from $222 a share.
Lithium Americas Corp. (LAC) closed at $21.41 in the latest trading session, marking a +0.23% move from the prior day.
The electric vehicle boom is only accelerating, creating a big opportunity for EV stock winners. In fact, according to the International Energy Agency, we could see 14 million EVs sold this year alone. Toyota Motor (NYSE:TM) recently said it’s targeting 1.5 million EV sales by 2026, and will launch 10 new EVs in the next three years. Volkswagen (OTCMKTS:VWAPY) just saw a 42% jump in EV sales in the first quarter. Even the Environmental Protection Agency wants up to 60% of all new U.S. car sales
The electric vehicle market continues to move from strength to strength, and investors hunting for the best lithium mining stocks for the EV revolution are in for a treat. Despite the sector experiencing a relatively rocky start to the year, savvy investors are effectively seeking the best lithium stocks to buy at a considerable discount. A McKinsey report predicts that the demand for lithium carbonate equivalent will blow up by an astonishing 500% to 700% between 2021 and 2030, pointing to a ma
Lithium stocks may have slipped. But don’t write them off just yet. With plenty of demand forecasts suggesting we’ll run short of the metal, lithium prices could explode. According to International Energy Agency, “Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth.” In addition, the IEA noted, “The new edition of the IEA’s annual Global Electric Vehicle Outlook shows that more than 10 million elect
Massif Capital, an investment management company, released its “Massif Capital Real Assets Strategy” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the strategy returned -2.69% net of fees. The first quarter was challenging for the strategy, its short position was down 5.6% and its long position gained […]
Albemarle and Livent, the two lithium stocks reporting earnings this week, are heading in different directions because of different approaches to negotiating contracts. Albemarle crushed first-quarter earnings estimates late Wednesday but slashed its full-year outlook to reflect slumping lithium prices. Albemarle's lowered guidance didn't come as a surprise.