American Lithium Corp V.LI

Echelon Capital Markets Initiates Coverage on LIACF @CAD$8.2

[jthottam]

Update: American Lithium (Ticker: LIACF)

Echelon Capital Markets initiated coverage on LIACF today and issued a 12-month Price Target of $8.20/share CAD (or equivalently, $6.48 USD) with a "Speculative Buy". This is higher than the two other analysts who cover the company:

Roth Capital at $5.93/share in November

VSA Capital at $5.5/share back in the Summer.

The upward momentum on the share price targets are in line with the ongoing development of their assets and also with rising lithium prices.

Based on today's closing price of $3.66, Echelon's estimates reflect a potential return of 77% over the next 12-months.

 

[Longperu]

They probably have not taken into account the class action suits that are comming because of the disclosure issues around the Peru project. The Peruvian management team has not done them any favours.

[cyber37]

Likely they did look into situation in Peru & don't think it is a major issue. However, I still think that the Peruvian management is incompetent. G37

[amxjavelin]

when these guysintiate coverage  i listen Have a great weekend everyone