Lithium Americas Corp. (TSE:LAC - Free Report) - Research analysts at Wedbush issued their FY2024 earnings per share estimates for Lithium Americas in a research note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will post earnings per share of ($0.22) for the year. Wedbush has a "Hold" rating on the stock. The consensus estimate for Lithium Americas' current full-year earnings is $1.38 per share. Wedbush also issued estimates for Lithium Americas' Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.29) EPS.
Other equities research analysts have also issued reports about the company. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. National Bank Financial upgraded shares of Lithium Americas from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Finally, National Bankshares upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Lithium Americas presently has a consensus rating of "Moderate Buy" and a consensus price target of C$7.38.
Get Our Latest Stock Analysis on Lithium Americas
Lithium Americas Trading Up 5.4 %
Lithium Americas stock traded up C$0.23 during trading on Monday, reaching C$4.50. The company had a trading volume of 643,821 shares, compared to its average volume of 805,734. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. The firm has a market capitalization of C$981 million, a price-to-earnings ratio of -28.13 and a beta of 1.58. Lithium Americas has a 12-month low of C$2.87 and a 12-month high of C$10.59. The stock's 50 day moving average price is C$5.09 and its two-hundred day moving average price is C$4.13.
Lithium Americas (TSE:LAC - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01.
Insider Activity
In related news, Director Alun Robert Doyle bought 10,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. Company insiders own 7.40% of the company's stock.
Lithium Americas Company Profile
(
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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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