Lithium Americas (NYSE:LAC - Get Free Report) posted its earnings results on Friday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09), Zacks reports.
Lithium Americas Trading Up 1.4 %
LAC stock traded up $0.04 during midday trading on Wednesday, hitting $2.80. The stock had a trading volume of 3,057,307 shares, compared to its average volume of 4,579,341. The firm has a market capitalization of $617.92 million, a price-to-earnings ratio of -23.33 and a beta of 1.77. The stock has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $3.19. Lithium Americas has a 52 week low of $2.02 and a 52 week high of $7.71.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Scotiabank lowered their price target on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a research report on Monday. Piper Sandler lowered their target price on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Wedbush started coverage on Lithium Americas in a report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price target for the company. Finally, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Lithium Americas has a consensus rating of "Hold" and a consensus price target of $4.84.
Get Our Latest Analysis on LAC
About Lithium Americas
(
Get Free Report)
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.
Featured Articles
Before you consider Lithium Americas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas wasn't on the list.
While Lithium Americas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
