FY2025 EPS Estimate for Lithium Americas Lowered by Analyst

Lithium Americas Corp. (TSE:LAC - Free Report) - Equities research analysts at National Bank Financial decreased their FY2025 earnings estimates for shares of Lithium Americas in a research note issued on Wednesday, October 16th. National Bank Financial analyst M. Sidibe now forecasts that the company will post earnings of ($0.29) per share for the year, down from their previous estimate of ($0.01). National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Lithium Americas' current full-year earnings is $1.38 per share. National Bank Financial also issued estimates for Lithium Americas' FY2026 earnings at ($0.33) EPS and FY2027 earnings at ($0.44) EPS.

Lithium Americas (TSE:LAC - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.07) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.04).

LAC has been the subject of several other research reports. Piper Sandler cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Monday, July 29th. National Bankshares raised Lithium Americas from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$5.75 to C$7.25 in a report on Thursday. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Lithium Americas has an average rating of "Buy" and an average target price of C$9.08.

Lithium Americas Stock Performance

TSE LAC traded down C$0.17 on Monday, reaching C$4.15. 1,593,358 shares of the company's stock traded hands, compared to its average volume of 729,036. The stock has a 50 day moving average price of C$3.47 and a 200-day moving average price of C$4.66. The firm has a market cap of C$904.70 million, a price-to-earnings ratio of -25.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. Lithium Americas has a fifty-two week low of C$2.87 and a fifty-two week high of C$10.75.

Insider Buying and Selling

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is currently owned by insiders.

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.