Wedbush Increases Earnings Estimates for Lithium Americas

Lithium Americas Corp. (TSE:LAC - Free Report) - Investment analysts at Wedbush raised their FY2025 earnings per share (EPS) estimates for shares of Lithium Americas in a research report issued to clients and investors on Monday, March 31st. Wedbush analyst D. Ives now anticipates that the company will post earnings per share of ($0.27) for the year, up from their previous estimate of ($0.29). Wedbush currently has a "Hold" rating on the stock. The consensus estimate for Lithium Americas' current full-year earnings is $1.38 per share.

LAC has been the subject of a number of other reports. National Bankshares raised their price target on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an "outperform" rating in a report on Friday, January 10th. Cormark upgraded Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$7.50.

Lithium Americas Stock Down 4.7 %

TSE:LAC traded down C$0.18 during trading hours on Wednesday, hitting C$3.63. The stock had a trading volume of 385,358 shares, compared to its average volume of 466,224. The business has a 50 day simple moving average of C$4.17 and a two-hundred day simple moving average of C$4.48. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.59. The company has a current ratio of 13.88, a quick ratio of 52.06 and a debt-to-equity ratio of 0.65. The company has a market cap of C$552.28 million, a PE ratio of -18.99 and a beta of 1.58.

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.