Lithium Americas Corp
LAC: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 43.00 | Kdx | Vjhrgnwd |
Lithium Americas Earnings: Early Construction of First Lithium Project Progressing on Plan
We're maintaining our USD 12 fair value estimate for Lithium Americas following the company's first-quarter results. We've trimmed our Canadian dollar-denominated fair value estimate to CAD 16 per share from CAD 17 due to currency movements since our last update. Our no-moat rating is unchanged. At current prices, the shares appear materially undervalued, trading at less than 40% of our fair value estimate and in 5-star territory.