What is Scotiabank's Estimate for LAC FY2024 Earnings?

Lithium Americas Corp. (NYSE:LAC - Free Report) - Scotiabank issued their FY2024 EPS estimates for Lithium Americas in a research report issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson anticipates that the company will post earnings of ($0.07) per share for the year. Scotiabank has a "Sector Perform" rating and a $2.50 price target on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.10) per share. Scotiabank also issued estimates for Lithium Americas' FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.10) EPS.

A number of other research firms have also recently issued reports on LAC. Wedbush assumed coverage on Lithium Americas in a research note on Thursday, December 19th. They issued a "neutral" rating and a $5.00 target price for the company. Piper Sandler lowered their target price on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. B. Riley lifted their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. BMO Capital Markets raised shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Finally, National Bank Financial raised shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.51.

Lithium Americas Stock Down 4.6 %

Shares of LAC stock opened at $3.14 on Monday. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $7.71. The firm has a fifty day moving average of $3.55 and a 200-day moving average of $3.01. The firm has a market capitalization of $692.95 million, a price-to-earnings ratio of -26.17 and a beta of 1.67.

Institutional Trading of Lithium Americas

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC bought a new position in Lithium Americas in the second quarter valued at approximately $27,000. Fairscale Capital LLC bought a new position in shares of Lithium Americas in the second quarter valued at $27,000. Evergreen Capital Management LLC acquired a new position in Lithium Americas during the second quarter worth $27,000. Quent Capital LLC raised its position in Lithium Americas by 100.0% during the third quarter. Quent Capital LLC now owns 10,000 shares of the company's stock worth $27,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Lithium Americas in the second quarter valued at $32,000.

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.