How high can lithium America stock go?

Stock Price Forecast

The 13 analysts offering 12-month price forecasts for Lithium Americas Corp have a median target of 37.00, with a high estimate of 43.00 and a low estimate of 30.00. The median estimate represents a +57.08% increase from the last price of 23.56.

Is Lithium Americas a good stock to invest in?

On average, Wall Street analysts predict that Lithium Americas's share price could reach $36.75 by Feb 8, 2024. The average Lithium Americas stock price prediction forecasts a potential upside of 49.69% from the current LAC share price of $24.55.

What is the prediction of LAC stock?

LAC Financial Forecast

Next quarter's earnings estimate for LAC is -$0.23 with a range of -$0.45 to -$0.14.

Is LAC a good long term investment?

The financial health and growth prospects of LAC, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.

Why is Lithium Americas stock going up?

Shares of start-up lithium miner -- and General Motors partner -- Lithium Americas (LAC -4.84%) soared 8.1% through 11:50 a.m. ET on Tuesday, after a federal district court in Nevada issued what the company called a "favorable ruling" in an appeal against a Bureau of Land Management (BLM) ruling.

Lithium Americas Stock Review – Should I Buy or Sell ? LAC Stock Analysis

Is Tesla buying Lithium Americas?

In 2020, Tesla signed an agreement with Piedmont Lithium, a company developing a lithium project in North Carolina. The automaker agreed to buy about one-third of Piedmont's planned 160,000 tonnes of annual spodumene lithium production for at least five years.

What will lithium share price be in 2025?

US$1,750 per tonne in 2023. US$950 per tonne in 2024. US$900 per tonne in 2025. Long run average of US$800 per tonne.

Will Lithium Americas stock go up?

Stock Price Forecast

The 13 analysts offering 12-month price forecasts for Lithium Americas Corp have a median target of 37.00, with a high estimate of 43.00 and a low estimate of 30.00. The median estimate represents a +48.09% increase from the last price of 24.99.

What is the best lithium stock to invest in?

Is lithium America profitable?

As of January 26, 2023, Lithium Americas Corp had a $3.0 billion market capitalization, putting it in the 76th percentile of companies in the Metals & Mining - Specialty industry. Lithium Americas Corp does not have a meaningful P/E due to negative earnings over the last 12 trailing months.

Is lithium a good investment for the future?

According to the Imarc Group, the lithium battery market stood at $45 billion in 2022. Given the high demand for electric vehicles and computer batteries, the market is expected to skyrocket to $93.3 billion by 2028.

Will lithium keep rising?

“As the investment and exploration of lithium mines continue to accelerate, global lithium resources could increase significantly in the second half of 2023, which will reduce the production cost for lithium chemicals to some extent.

Who is invested in Lithium Americas?

General Motors said it plans to invest $650 million in the lithium production company Lithium Americas.

Will lithium stocks go up 2023?

Lithium prices will likely see strong support in 2023, with supply expected to remain tight amid bullish demand from the accelerating adoption of electric vehicles across the globe, though some price correction could be expected, led by a slowdown in the Chinese market, market participants told S&P Global Commodity ...

Who is Tesla buying lithium from?

At the end of 2021, Tesla inked a fresh three year lithium supply deal with top lithium producer Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460). The Chinese company will provide products to Tesla for three years starting from 2022.

Who are the top 3 lithium?

Take a look at our list of the world's top lithium producers by market cap. For a long time, most lithium was produced by an oligopoly of producers often referred to as the Big Three: Albemarle (NYSE:ALB), Sociedad Quimica y Minera de Chile (SQM) (NYSE:SQM) and FMC (NYSE:FMC).

Is lithium America undervalued?

Lithium Americas is now ranked among the top 25 undervalued large cap dividend-paying stocks on the Toronto Stock Exchange (TSX). A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company.

Is lithium about to boom?

The global lithium market is emerging at a rapid rate with the potential to be worth $182.53 billion by 2030. According to Grand View Research it is expected to expand at a compound annual growth rate of 18.1 per cent from 2022 to 2030.

What will lithium prices be in 2023?

What will lithium prices be in 2024?

"Prices are expected to grow further next year as contract prices reset in the September quarter 2022, averaging US$4,010 a tonne in 2023 before moderating to US$3,130 in 2024."

Which country is rich in lithium?

The three largest producers of lithium are Australia, Chile and China. The demand for lithium is expected to reach 1.5 million tonnes of lithium carbonate equivalent by 2025 and over 3 million tonnes by 2030.

Who is the largest lithium producer in the United States?

Albemarle Corp.

Albemarle is the biggest company on the list and the world's largest lithium producer. Albemarle operates the only active lithium mine in the U.S., located in Silver Peak, Nevada.

Is Lithium Americas owned by China?

Worryingly, media reports indicate that Lithium Americas' largest shareholder is Ganfeng, a Chinese company with direct ties to the CCP.

Why is Lithium Americas stock down?

Lithium Americans is currently unprofitable, and indeed, producing no revenue at all, according to data from S&P Global Market Intelligence, and analysts expect Lithium Americas to explode into profitability as production begins in 2023.