FY2024 Earnings Forecast for TSE:LAC Issued By Wedbush

Lithium Americas Corp. (TSE:LAC) – Investment analysts at Wedbush issued their FY2024 earnings per share estimates for shares of Lithium Americas in a note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives anticipates that the company will post earnings of ($0.22) per share for the year. Wedbush has a “Hold” rating on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Wedbush also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.29) EPS.

Lithium Americas (TSE:LAC) last released its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01.

Several other research analysts have also recently issued reports on the stock. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Finally, National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lithium Americas has an average rating of “Moderate Buy” and a consensus target price of C$7.38.

Lithium Americas Stock Performance

Shares of TSE LAC opened at C$4.27 on Monday. The company has a 50 day simple moving average of C$5.09 and a two-hundred day simple moving average of C$4.13. The stock has a market cap of C$930.86 million, a price-to-earnings ratio of -26.69 and a beta of 1.58. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59.

Insider Buying and Selling

In other Lithium Americas news, Director Alun Robert Doyle purchased 10,000 shares of Lithium Americas stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is currently owned by insiders.

About Lithium Americas

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.