Lithium Americas Corp (LAAC)

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"Lithium Americas (NYSE:LAC) offers a valuable proposition with its Thacker Pass project’s $5.7B after-tax NPV and Cauchari-Olaroz asset. A promising rally is anticipated due to its undervaluation." The key investor takeaway is that Lithium Americas is very appealing on dips. The stock starts trading at only 2x to 3x adjusted EBITDA targets for the Thacker Pass mine alone, assuming even lower lithium prices in the future despite supply concerns. Investors should use weakness to load up on a lithium miner starting production with the stock trading at the lows. Lithium Americas Corp. Price Target Is Maintained at $37.00/Share by Stifel Nicolaus.