Equities Analysts Offer Predictions for LAC FY2026 Earnings

Key Points

• National Bank Financial raised Lithium Americas Corp's FY2026 earnings estimate to ($0.16) per share, improving from a previous forecast of ($0.21).
• Several analysts have adjusted their ratings and target prices for the stock, with Jefferies reducing the target from $8.00 to $7.00 while BMO Capital Markets increased it from $3.50 to $5.00.
• Insider VP Alexi Illya Zawadzki sold 353,914 shares at an average price of $9.48, significantly reducing their stake in the company.

Lithium Americas Corp. (NYSE:LAC - Free Report) - Equities researchers at National Bank Financial raised their FY2026 earnings estimates for shares of Lithium Americas in a research report issued to clients and investors on Wednesday, October 1st. National Bank Financial analyst M. Sidibe now anticipates that the company will earn ($0.16) per share for the year, up from their previous forecast of ($0.21). The consensus estimate for Lithium Americas' current full-year earnings is ($0.12) per share.

Lithium Americas (NYSE:LAC - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02).

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group cut their target price on shares of Lithium Americas from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. BMO Capital Markets boosted their price target on shares of Lithium Americas from $3.50 to $5.00 and gave the company a "market perform" rating in a report on Thursday. Weiss Ratings reissued a "sell (e+)" rating on shares of Lithium Americas in a report on Saturday, September 27th. TD Cowen reissued a "hold" rating and issued a $5.00 price target on shares of Lithium Americas in a report on Thursday, September 25th. Finally, Cormark lowered shares of Lithium Americas from a "moderate buy" rating to a "hold" rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Lithium Americas presently has an average rating of "Hold" and an average target price of $5.08.

Lithium Americas Price Performance

NYSE:LAC opened at $9.01 on Monday. The stock has a market cap of $2.18 billion, a P/E ratio of -39.15 and a beta of 1.43. Lithium Americas has a one year low of $2.31 and a one year high of $9.33. The company has a fifty day moving average price of $3.50 and a 200 day moving average price of $3.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 9.88 and a quick ratio of 9.88.

Institutional Investors Weigh In On Lithium Americas

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lithium Americas by 1.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,755,404 shares of the company's stock worth $7,350,000 after purchasing an additional 45,941 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Lithium Americas by 38.0% in the 2nd quarter. Invesco Ltd. now owns 1,666,561 shares of the company's stock worth $4,466,000 after purchasing an additional 459,252 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Lithium Americas by 44.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,046,556 shares of the company's stock worth $2,836,000 after purchasing an additional 324,518 shares during the last quarter. Teamwork Financial Advisors LLC grew its holdings in shares of Lithium Americas by 18.1% in the 2nd quarter. Teamwork Financial Advisors LLC now owns 1,012,822 shares of the company's stock worth $2,714,000 after purchasing an additional 155,068 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Lithium Americas by 3,173.0% in the 2nd quarter. Bank of Montreal Can now owns 846,998 shares of the company's stock worth $2,266,000 after purchasing an additional 821,120 shares during the last quarter.

Insider Transactions at Lithium Americas

In other news, VP Alexi Illya Zawadzki sold 353,914 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $9.48, for a total value of $3,355,104.72. Following the sale, the vice president owned 40,005 shares of the company's stock, valued at approximately $379,247.40. This represents a 89.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.