Lithium Americas Analysts Sour as US Stake Sparks 188% Rally

It’s almost old hat to the market by now. Take a struggling company, cut a deal with the US government, sealed with the approval of President Donald Trump, sit back and watch the stock take off.

But after shares of Lithium Americas Corp. soared 188% in just two weeks, analysts are starting to challenge the stock’s vaunted valuation and the deal’s less than favorable terms for stockholders in the Canadian mining company.