Lithium Americas Corp. (TSE:LAC - Free Report) - Stock analysts at Scotiabank issued their FY2024 earnings estimates for Lithium Americas in a research note issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson forecasts that the company will earn ($0.10) per share for the year. The consensus estimate for Lithium Americas' current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas' FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.14) EPS.
Several other research firms have also issued reports on LAC. BMO Capital Markets raised Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. National Bankshares raised their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a report on Friday. National Bank Financial raised shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Finally, Wedbush raised shares of Lithium Americas to a "hold" rating in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$7.50.
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Lithium Americas Price Performance
Lithium Americas stock traded up C$0.07 during mid-day trading on Monday, reaching C$4.61. 429,494 shares of the company were exchanged, compared to its average volume of 698,938. The firm has a market cap of C$1.00 billion, a PE ratio of -28.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The company has a fifty day simple moving average of C$5.03 and a 200-day simple moving average of C$4.18. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59.
Lithium Americas (TSE:LAC - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01.
Insider Activity
In other Lithium Americas news, Director Alun Robert Doyle acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is owned by corporate insiders.
About Lithium Americas
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Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.
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