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Lithium Americas Maintained at Sector Perform With a $5.50 Price Target at National Bank of Canada

BY MT Newswires | ECONOMIC | 06/19/25 11:27 AM EDT

11:27 AM EDT, 06/19/2025 (MT Newswires) -- National Bank of Canada maintained its sector-perform rating on the shares of Lithium Americas (LAC) and its $5.50 price target.

National Bank said it continues to view Lithium Americas' (LAC) Thacker Pass project in Nevada as a strategically significant lithium asset with long-term value potential.

The bank said the sector-perform rating is driven by the fact that the performance of mining stocks during a period of construction varies, although it tends to be a lot more reactive to any negative update or perceived risk around capex than to construction progressing in line with expectations.

As a result, National Bank said a smooth progress throughout construction and further derisking the capex will be crucial to a re-rate of the company prior to first production, absent any rebound in lithium prices.

National Bank recently attended a site tour of Thacker Pass that reinforced the bank's confidence in the project.

Price: 3.58, Change: -0.05, Percent Change: -1.38

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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