GM - Lithium Argentina Has Growth Potential But Analyst Cautions About Valuation Concerns | Benzinga
BMO Capital Markets analyst Joel Jackson resumed coverage on Lithium Americas (Argentina) Corp. (NYSE: LAAC) with a Market Perform rating and a $7.50 price target.
LAAC, renamed Lithium Argentina, is an Argentine lithium brine pure-play with its flagship ramping Cauchari-Olaroz JV carbonate/LCE asset.
LAAC maintains ~45% interest in Cauchari-Olaroz, ramping to ~40kt carbonate capacity in 2024 (near-zero Q4/23 sales).
Jackson models a 20kt stage 2 expansion by 2028 for ~$600 million capex (LAAC: ~$300 million), and additional value may come from ...