Analysts Offer Predictions for TSE:LAC FY2024 Earnings

Lithium Americas Corp. (TSE:LAC) – Scotiabank issued their FY2024 EPS estimates for shares of Lithium Americas in a report released on Wednesday, January 8th. Scotiabank analyst B. Isaacson expects that the company will post earnings of ($0.10) per share for the year. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas’ FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.14) EPS.

Several other research firms also recently weighed in on LAC. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. National Bankshares increased their price objective 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. Finally, Wedbush raised Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Lithium Americas presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Up 1.5 %

Shares of Lithium Americas stock opened at C$4.68 on Monday. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.59. The company has a market capitalization of C$1.02 billion, a P/E ratio of -29.25 and a beta of 1.58. The business’s fifty day moving average price is C$5.00 and its two-hundred day moving average price is C$4.18. 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 (TSE:LAC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.03) by C$0.01.

Insider Activity

In related news, Director Alun Robert Doyle acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 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.