Lithium Americas Corp. (NYSE:LAC - Free Report) - Investment analysts at Wedbush upped their FY2025 EPS estimates for shares of Lithium Americas in a note issued to investors on Monday, March 31st. Wedbush analyst D. Ives now expects that the company will post earnings of ($0.19) per share for the year, up from their previous estimate of ($0.20). Wedbush has a "Neutral" rating and a $5.00 price objective on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.12) per share.
A number of other equities research analysts have also recently issued reports on LAC. Scotiabank decreased their price objective on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a report on Monday, March 31st. Cormark raised Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Finally, Piper Sandler lowered their target price on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.84.
Check Out Our Latest Report on Lithium Americas
Lithium Americas Trading Down 5.4 %
NYSE LAC traded down $0.15 on Wednesday, reaching $2.56. The stock had a trading volume of 5,770,759 shares, compared to its average volume of 5,669,886. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71. The business has a 50 day moving average price of $2.91 and a 200 day moving average price of $3.19. The company has a market capitalization of $563.85 million, a price-to-earnings ratio of -21.29 and a beta of 1.01.
Lithium Americas (NYSE:LAC - Get Free Report) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09).
Hedge Funds Weigh In On Lithium Americas
Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Lithium Americas by 99.4% in the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company's stock valued at $31,000 after purchasing an additional 4,893 shares in the last quarter. Sage Investment Counsel LLC bought a new stake in Lithium Americas in the 4th quarter valued at $30,000. Cacti Asset Management LLC bought a new position in shares of Lithium Americas during the 1st quarter worth about $27,000. Mariner LLC bought a new position in shares of Lithium Americas during the 4th quarter worth about $31,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lithium Americas during the 4th quarter valued at about $34,000.
About Lithium Americas
(
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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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