Lithium Americas (LAC) to Release Earnings on Tuesday

Lithium Americas (NYSE:LAC - Get Free Report) is set to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Lithium Americas to post earnings of ($0.02) per share for the quarter.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, analysts expect Lithium Americas to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lithium Americas Trading Up 8.8 %

Shares of NYSE LAC traded up $0.37 during mid-day trading on Tuesday, reaching $4.51. The company had a trading volume of 45,364,298 shares, compared to its average volume of 5,078,016. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $7.86. The firm has a 50 day simple moving average of $2.68 and a two-hundred day simple moving average of $3.17.

Analyst Upgrades and Downgrades

LAC has been the subject of a number of research analyst reports. B. Riley decreased their target price on Lithium Americas from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Friday, August 16th. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating for the company in a research report on Friday, August 16th. Piper Sandler started coverage on Lithium Americas in a report on Monday, July 29th. They set a "neutral" rating and a $3.90 price target on the stock. Finally, National Bank Financial upgraded Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Lithium Americas currently has a consensus rating of "Hold" and a consensus target price of $5.50.

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.