B. Riley Decreases Earnings Estimates for Lithium Americas

Lithium Americas Corp. (TSE:LAC - Free Report) - Equities researchers at B. Riley decreased their FY2024 earnings per share estimates for shares of Lithium Americas in a research note issued to investors on Tuesday, November 12th. B. Riley analyst M. Key now anticipates that the company will post earnings per share of ($0.18) for the year, down from their previous estimate of ($0.16). The consensus estimate for Lithium Americas' current full-year earnings is $1.38 per share. B. Riley also issued estimates for Lithium Americas' Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.50) EPS.

Lithium Americas (TSE:LAC - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, beating the consensus estimate of C($0.03) by C$0.01.

LAC has been the topic of a number of other research reports. BMO Capital Markets raised 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 raised their price objective for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th. National Bank Financial raised Lithium Americas from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Piper Sandler downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 29th. Three equities 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's stock. According to MarketBeat, Lithium Americas currently has a consensus rating of "Moderate Buy" and a consensus price target of C$7.38.

Lithium Americas Trading Down 5.9 %

TSE LAC traded down C$0.35 during mid-day trading on Thursday, hitting C$5.58. The company's stock had a trading volume of 1,190,191 shares, compared to its average volume of 815,065. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.75. The stock's fifty day simple moving average is C$4.17 and its two-hundred day simple moving average is C$4.29. The firm has a market capitalization of C$1.22 billion, a P/E ratio of -37.06 and a beta of 1.58.

Insider Transactions at Lithium Americas

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

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.