Lithium Americas Corp. (NYSE:LAC - Free Report) - Research analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for Lithium Americas in a report issued on Monday, April 22nd. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings of $0.22 per share for the year, down from their prior forecast of $0.28. Scotiabank has a "Sector Perform" rating and a $7.00 price objective on the stock. The consensus estimate for Lithium Americas' current full-year earnings is ($0.15) per share.
Lithium Americas (NYSE:LAC - Get Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.08).
A number of other research firms also recently weighed in on LAC. HSBC cut their target price on Lithium Americas from $6.50 to $5.10 and set a "hold" rating for the company in a research report on Friday. Evercore ISI cut their price objective on Lithium Americas from $13.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, March 15th. Finally, JPMorgan Chase & Co. increased their price objective on Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.18.
Check Out Our Latest Stock Analysis on LAC
Lithium Americas Stock Performance
LAC traded down $0.07 during trading on Tuesday, reaching $4.68. The stock had a trading volume of 5,570,887 shares, compared to its average volume of 3,951,307. Lithium Americas has a 1-year low of $3.81 and a 1-year high of $12.38. The stock has a 50 day moving average of $5.78 and a two-hundred day moving average of $6.23.
Hedge Funds Weigh In On Lithium Americas
A number of hedge funds have recently modified their holdings of LAC. Banque Cantonale Vaudoise acquired a new position in Lithium Americas during the first quarter worth $25,000. Mather Group LLC. acquired a new position in Lithium Americas during the first quarter worth $26,000. Allworth Financial LP acquired a new position in Lithium Americas during the fourth quarter worth $37,000. CWM LLC increased its position in Lithium Americas by 140.6% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $40,000 after buying an additional 1,360 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in Lithium Americas during the third quarter worth $44,000.
About Lithium Americas
(
Get Free Report)
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.
Read More
Before you consider Lithium Americas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas wasn't on the list.
While Lithium Americas currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
