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Lithium Americas Corp. (NYSE:LAC) Senior Vice President, General Counsel, and Secretary Edward Grandy has recently sold a small portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Grandy sold 23 common shares at a price of $2.68 each, totaling approximately $61. The transaction comes as LAC, currently valued at $585 million, trades near InvestingPro’s Fair Value estimate. Following this transaction, Grandy retains ownership of 151,155 shares in the company. The transaction was executed on April 17, 2025, ahead of the company’s upcoming earnings report scheduled for May 8. While the company maintains strong liquidity with a current ratio of 10.33, InvestingPro analysis reveals several key factors affecting the company’s performance. Get deeper insights into insider trading patterns and 6 additional ProTips with an InvestingPro subscription.
In other recent news, Lithium Americas Corp. has announced its transition from International Financial Reporting Standards (IFRS) to U.S. Generally Accepted Accounting Principles (GAAP), effective January 1, 2025. This change aligns the company with U.S. domestic issuer requirements and is aimed at providing a more consistent financial reporting framework for investors and stakeholders in the United States. The company has restated its unaudited condensed consolidated financial statements for the first three quarters of both 2024 and 2023 to reflect this adoption and has re-filed them with Canadian securities regulators. Additionally, Evercore ISI has upgraded Lithium Americas to an Outperform rating, setting a new price target of $4.50. The firm’s analyst highlighted the company’s Thacker Pass project, which is fully funded and supported by a partnership with General Motors (NYSE:GM). The project positions Lithium Americas favorably for future lithium prices, particularly those anticipated for 2028 and beyond. Evercore ISI’s analysis suggests that the company’s significant lithium resource in the continental United States is expected to become a key part of the electric vehicle supply chain by the end of the decade.
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