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Canaccord Genuity Remains a Hold on Lithium Americas Corp. (LAC)

Tipranks - Tipranks - Mon Mar 23, 7:50AM CDT

In a report released on March 20, Katie Lachapelle from Canaccord Genuity reiterated a Hold rating on Lithium Americas Corp., with a price target of C$7.00. The company’s shares closed last Friday at C$5.11.

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Lachapelle covers the Energy sector, focusing on stocks such as Cameco, Energy Fuels, and NexGen Energy. According to TipRanks, Lachapelle has an average return of 32.2% and a 56.03% success rate on recommended stocks.

In addition to Canaccord Genuity, Lithium Americas Corp. also received a Hold from TD Cowen’s Craig Hutchison in a report issued on March 20. However, on the same day, TipRanks – PerPlexity downgraded Lithium Americas Corp. (NYSE: LAC) to a Sell.

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LAC market cap is currently C$1.78B and has a P/E ratio of -1.72.

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