Research Analysts Offer Predictions for Lithium Americas Corp.'s Q3 2024 Earnings (NYSE:LAC)

Lithium Americas Corp. (NYSE:LAC - Free Report) - Equities research analysts at B. Riley issued their Q3 2024 earnings per share estimates for Lithium Americas in a research note issued on Friday, August 16th. B. Riley analyst M. Key forecasts that the company will post earnings per share of ($0.02) for the quarter. B. Riley currently has a "Buy" rating and a $4.00 target price on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.09) per share. B. Riley also issued estimates for Lithium Americas' Q4 2024 earnings at ($0.02) EPS.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a research report on Friday. Eight Capital reduced their price objective on Lithium Americas from $13.50 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, May 14th. Scotiabank reduced their price objective on Lithium Americas from $5.50 to $3.00 and set a "sector perform" rating on the stock in a research report on Thursday. National Bank Financial raised Lithium Americas to a "hold" rating in a research note on Wednesday, June 5th. Finally, Piper Sandler initiated coverage on Lithium Americas in a research note on Monday, July 29th. They set a "neutral" rating and a $3.90 target price for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.61.

Lithium Americas Stock Performance

Shares of NYSE LAC traded up $0.06 during midday trading on Monday, hitting $2.63. The stock had a trading volume of 4,058,801 shares, compared to its average volume of 4,233,701. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $12.38. The stock has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $4.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new position in Lithium Americas during the 1st quarter worth $25,000. Mather Group LLC. purchased a new stake in shares of Lithium Americas in the 1st quarter valued at about $26,000. Quent Capital LLC purchased a new stake in shares of Lithium Americas in the 1st quarter valued at about $48,000. Headlands Technologies LLC lifted its holdings in shares of Lithium Americas by 2,332.3% in the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company's stock valued at $52,000 after purchasing an additional 7,370 shares during the last quarter. Finally, Fairscale Capital LLC purchased a new stake in shares of Lithium Americas in the 2nd quarter valued at about $27,000.

About Lithium Americas

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.