Brokers Offer Predictions for LAC FY2024 Earnings

Lithium Americas Corp. (NYSE:LAC - Free Report) - Equities research analysts at Wedbush issued their FY2024 earnings per share (EPS) estimates for Lithium Americas in a note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives forecasts that the company will post earnings per share of ($0.15) for the year. Wedbush has a "Neutral" rating and a $5.00 price target on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.10) per share. Wedbush also issued estimates for Lithium Americas' Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.20) EPS.

LAC has been the topic of several other research reports. National Bank Financial raised Lithium Americas from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 17th. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. B. Riley boosted their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Scotiabank cut their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a research report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.56.

Lithium Americas Trading Up 6.7 %

NYSE LAC traded up $0.20 during trading hours on Monday, reaching $3.17. The company's stock had a trading volume of 8,082,733 shares, compared to its average volume of 5,400,108. The stock has a market cap of $699.57 million and a PE ratio of -26.42. The business has a 50-day simple moving average of $3.66 and a 200 day simple moving average of $2.98. Lithium Americas has a 52 week low of $2.02 and a 52 week high of $7.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC lifted its holdings in shares of Lithium Americas by 31.8% in the third quarter. Tidal Investments LLC now owns 379,078 shares of the company's stock valued at $1,024,000 after buying an additional 91,353 shares during the period. Barclays PLC lifted its holdings in Lithium Americas by 50.7% in the 3rd quarter. Barclays PLC now owns 115,208 shares of the company's stock valued at $311,000 after acquiring an additional 38,781 shares during the last quarter. Virtue Capital Management LLC bought a new position in shares of Lithium Americas during the 3rd quarter valued at about $135,000. Geode Capital Management LLC grew its stake in shares of Lithium Americas by 21.6% in the 3rd quarter. Geode Capital Management LLC now owns 103,275 shares of the company's stock worth $279,000 after purchasing an additional 18,321 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Lithium Americas in the 3rd quarter worth approximately $161,000.

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.