Lithium Americas Corp
LAC: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 88.00 | Hmlb | Pcfsqjty |
Lithium Americas Earnings: Thacker Pass in Full Scope After Separation
Lithium Americas reported its fiscal 2023 third quarter, its first update as a standalone company after the separation from Lithium Argentina. Thacker Pass is the sole focus of the company, which began construction earlier this year. We maintain our $20 fair value estimate and a no-moat rating. Our CAD fair value estimate has increased to CAD 28 from CAD 27 due to currency movements.