FY2024 Earnings Estimate for LAC Issued By Wedbush

Lithium Americas Corp. (NYSE:LAC) – Equities researchers at Wedbush issued their FY2024 earnings per share estimates for shares of Lithium Americas in a report issued on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will earn ($0.15) per share 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.

Several other equities analysts have also recently commented on the stock. B. Riley boosted their price objective 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. National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Scotiabank lowered their price objective on 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. Finally, BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.56.

Lithium Americas Stock Up 6.7 %

Shares of LAC opened at $3.17 on Monday. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $7.71. The stock has a market cap of $699.57 million and a PE ratio of -26.42. The business’s 50-day moving average price is $3.66 and its 200-day moving average price is $2.98.

Institutional Trading of Lithium Americas

A number of hedge funds have recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in Lithium Americas in the second quarter worth $27,000. Quent Capital LLC lifted its stake in shares of Lithium Americas by 100.0% in the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after acquiring an additional 5,000 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Lithium Americas in the 2nd quarter valued at about $27,000. AE Wealth Management LLC purchased a new stake in Lithium Americas during the 2nd quarter valued at about $27,000. Finally, International Assets Investment Management LLC bought a new position in Lithium Americas during the 2nd quarter worth approximately $30,000.

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.