Lithium Americas (LAC) Expected to Announce Quarterly Earnings on Friday

Lithium Americas (NYSE:LAC - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Lithium Americas Stock Performance

LAC traded up $0.11 during mid-day trading on Friday, reaching $2.90. The stock had a trading volume of 2,693,782 shares, compared to its average volume of 5,724,527. The firm's fifty day simple moving average is $3.05 and its two-hundred day simple moving average is $3.13. The stock has a market capitalization of $638.88 million, a P/E ratio of -24.13 and a beta of 1.77. Lithium Americas has a 52 week low of $2.02 and a 52 week high of $7.71.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Finally, Wedbush began coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a "neutral" rating and a $5.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Lithium Americas presently has an average rating of "Hold" and an average target price of $5.51.

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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.