FY2025 EPS Estimate for Lithium Americas Raised by Analyst

Lithium Americas Corp. (NYSE:LAC - Free Report) - Stock analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for shares of Lithium Americas in a note issued to investors on Tuesday, May 20th. Scotiabank analyst B. Isaacson now forecasts that the company will earn ($0.18) per share for the year, up from their previous forecast of ($0.26). Scotiabank currently has a "Sector Perform" rating and a $2.75 target price on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for Lithium Americas' FY2026 earnings at ($0.18) EPS.

LAC has been the topic of a number of other research reports. Wedbush reissued a "neutral" rating and issued a $5.00 target price on shares of Lithium Americas in a research report on Friday, May 16th. National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Evercore ISI initiated coverage on shares of Lithium Americas in a research note on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price objective for the company. Finally, National Bankshares downgraded Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $3.88.

Lithium Americas Stock Performance

Shares of Lithium Americas stock traded up $0.01 on Friday, reaching $2.77. The company had a trading volume of 2,034,364 shares, compared to its average volume of 5,490,867. The firm's 50 day moving average price is $2.82 and its two-hundred day moving average price is $3.10. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $5.20. The firm has a market cap of $604.67 million, a PE ratio of -23.04 and a beta of 0.89.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01).

Institutional Investors Weigh In On Lithium Americas

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HB Wealth Management LLC purchased a new position in shares of Lithium Americas during the fourth quarter worth about $55,000. Independent Wealth Network Inc. boosted its position in shares of Lithium Americas by 133.4% in the 4th quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company's stock valued at $644,000 after purchasing an additional 123,993 shares during the period. Teamwork Financial Advisors LLC grew its stake in Lithium Americas by 79.2% during the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company's stock worth $2,122,000 after buying an additional 315,621 shares during the last quarter. PFG Investments LLC increased its position in Lithium Americas by 65.3% during the fourth quarter. PFG Investments LLC now owns 55,301 shares of the company's stock worth $164,000 after buying an additional 21,840 shares during the period. Finally, Perigon Wealth Management LLC lifted its stake in Lithium Americas by 46.2% in the fourth quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company's stock valued at $47,000 after buying an additional 5,000 shares during the last quarter.

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.