Lithium Americas (NYSE:LAC - Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09), Zacks reports.
Lithium Americas Trading Up 1.4 %
Shares of LAC traded up $0.04 during mid-day trading on Wednesday, reaching $2.80. 3,057,307 shares of the stock traded hands, compared to its average volume of 4,579,341. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71. The company has a market cap of $617.92 million, a price-to-earnings ratio of -23.33 and a beta of 1.77. The firm has a fifty day moving average price of $2.94 and a 200 day moving average price of $3.19.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a report on Monday. Piper Sandler dropped their price target on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Wedbush started coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a "neutral" rating and a $5.00 price objective for the company. Finally, Cormark upgraded Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Lithium Americas currently has an average rating of "Hold" and a consensus target price of $4.84.
Get Our Latest Analysis on Lithium Americas
Lithium Americas Company Profile
(
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.
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