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Why Lithium Americas Stock Just Slumped 11%
In a note covered on TheFly.com this morning, analysts at Deutsche Bank raised their price target on Lithium Americas stock by 18%, to $40 per share. Lithium Americas stock is well positioned heading into Q2, predicted the analyst, as prices for lithium supply are improving. Thanks to the administration’s promise to support lithium companies in general (and Lithium Americas in particular, whose Thacker Pass project is the lithium mining project closest to completion here in the U.S.), Lithium Americas stock went on a terrific run last week, gaining more than 18%.
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