Lithium Americas (LAC) Scheduled to Post Earnings on Tuesday

Lithium Americas (TSE:LAC - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, November 5th. Analysts expect Lithium Americas to post earnings of C($0.03) per share for the quarter.

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

Lithium Americas Stock Up 9.4 %

TSE LAC traded up C$0.54 on Tuesday, hitting C$6.31. The stock had a trading volume of 4,595,236 shares, compared to its average volume of 768,983. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.75. The business's fifty day moving average price is C$3.68 and its 200 day moving average price is C$4.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The stock has a market cap of C$1.38 billion, a price-to-earnings ratio of -41.56 and a beta of 1.58.

Insider Transactions at Lithium Americas

In other Lithium Americas news, Senior Officer Oleksandr Shulga sold 24,862 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. Corporate insiders own 7.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on LAC. BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. National Bankshares raised Lithium Americas from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. Piper Sandler cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 29th. Finally, National Bank Financial upgraded Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$7.38.

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.