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Lithium Americas Corp LAC Stock Quote

Morningstar Rating
| Rating as of

NYSE: LAC

Last close prices updated as of Jan 26, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 22.1
  • Sector Basic Materials
  • Industry Other Industrial Metals & Mining
  • Investment Style Mid Growth
  • Day Range 22.00  –  22.77
  • Year Range 17.58  –  40.39
  • Market Cap 2.9835 Bil
  • Volume / Avg 3,962.0 /  2.0 Mil
  • Price / Sales 42.79
  • Price / Book 3.86
  • Forward Div Yield —
  • Trailing Div Yield —

Morningstar‘s Stock Analysis LAC

Valuation
Currency in —
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1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Maintaining $65 (CAD 88) FVE as Lithium Americas Announces Acquisition to Boost Argentina Portfolio

Seth Goldstein Strategist

Analyst Note

| Seth Goldstein |

Lithium Americas announced its agreement to fully acquire Arena Minerals that values Arena's equity at $227 million in an all-stock deal. Through the deal, Arena Minerals shareholders will receive ownership of 5.7% of Lithium Americas. Arena Minerals has a majority (65%) stake in a developing lithium brine asset, Sal de la Puna, which neighbors Lithium Americas’ Pastos Grandes project. Both projects are located next to one another in the Salar de Pastos Grandes. Lithium Americas plans to consolidate the two projects into one and aims for an annual production capacity of 40,000 metric tons. Having updated our model to incorporate the deal, we maintain our $65 (CAD 88) per share fair value estimate. Our no-moat rating is unchanged.

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Key Statistics LAC

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Company Profile LAC

Business Description

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, We expect the first Argentina resource, Cauchari-Olaroz, to enter production in early 2023. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market. The company is also exploring separating into two companies, with assets divided by geography, an Argentina company and a U.S. company.

Contact
900 West Hastings Street, Suite 300
Vancouver, BC, V6C 1E5, CAN
Sector Basic Materials
Industry Other Industrial Metals & Mining
Employees 65

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FAQs for Lithium Americas Corp Stock

No. LAC does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

LAC’s market cap is 2.98 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

LAC’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

LAC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare LAC’s historical performance against its industry peers and the overall market.