Scotiabank Estimates TSE:LAC FY2024 Earnings

Lithium Americas Corp. (TSE:LAC - Free Report) - Analysts at Scotiabank issued their FY2024 EPS estimates for Lithium Americas in a note issued to investors on Wednesday, January 8th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings per share of ($0.10) 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.

LAC has been the subject of a number of other reports. Wedbush raised shares of Lithium Americas to a "hold" rating in a research report on Thursday, December 19th. National Bank Financial upgraded shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Finally, National Bankshares increased their price objective on Lithium Americas from C$7.25 to C$7.50 and gave the stock an "outperform" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$7.50.

Lithium Americas Stock Down 3.4 %

Shares of Lithium Americas stock opened at C$4.54 on Monday. Lithium Americas has a 1 year low of C$2.87 and a 1 year high of C$10.59. The company has a market cap of C$989.72 million, a P/E ratio of -28.38 and a beta of 1.58. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of C$5.03 and a 200 day moving average price of C$4.18.

Lithium Americas (TSE:LAC - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.03) by C$0.01.

Insider Transactions at Lithium Americas

In related news, Director Alun Robert Doyle purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was bought 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 currently owned by company insiders.

Lithium Americas Company Profile

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.