FY2025 EPS Estimate for Lithium Americas Lowered by Analyst

Lithium Americas Corp. (NYSE:LAC - Free Report) - Investment analysts at Scotiabank cut their FY2025 earnings per share estimates for Lithium Americas in a research note issued on Monday, March 31st. Scotiabank analyst B. Isaacson now expects that the company will earn ($0.26) per share for the year, down from their prior estimate of ($0.09). Scotiabank has a "Sector Perform" rating and a $2.75 price objective on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for Lithium Americas' FY2026 earnings at ($0.26) EPS.

Several other brokerages also recently commented on LAC. Wedbush assumed coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price objective on the stock. Piper Sandler cut their price target on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. National Bankshares reissued an "outperform" rating on shares of Lithium Americas in a research report on Wednesday, April 2nd. Finally, Cormark raised Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.84.

Lithium Americas Stock Performance

Shares of Lithium Americas stock traded down $0.24 during midday trading on Thursday, hitting $2.39. The company had a trading volume of 3,490,150 shares, compared to its average volume of 4,593,253. The company has a 50 day moving average of $2.90 and a 200 day moving average of $3.19. The stock has a market capitalization of $526.33 million, a P/E ratio of -19.96 and a beta of 1.01. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $7.71.

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Lithium Americas (NYSE:LAC - Get Free Report) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09).

Hedge Funds Weigh In On Lithium Americas

Several hedge funds and other institutional investors have recently modified their holdings of LAC. Cacti Asset Management LLC bought a new stake in shares of Lithium Americas in the first quarter worth $27,000. Sage Investment Counsel LLC purchased a new position in Lithium Americas in the fourth quarter worth about $30,000. Allworth Financial LP grew its stake in shares of Lithium Americas by 99.4% during the 4th quarter. Allworth Financial LP now owns 9,814 shares of the company's stock valued at $31,000 after purchasing an additional 4,893 shares during the period. Mariner LLC purchased a new stake in shares of Lithium Americas during the 4th quarter valued at about $31,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Lithium Americas in the 4th quarter worth approximately $34,000.

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.