Lithium Americas (LAC) to Release Earnings on Friday

Lithium Americas (NYSE:LAC - Get Free Report) will be announcing its earnings results on Friday, March 29th.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). On average, analysts expect Lithium Americas to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lithium Americas Trading Down 0.3 %

LAC traded down $0.02 during midday trading on Thursday, hitting $6.72. The company had a trading volume of 2,148,299 shares, compared to its average volume of 3,496,603. Lithium Americas has a 52 week low of $3.81 and a 52 week high of $12.38. The stock's 50 day moving average price is $5.02 and its 200 day moving average price is $7.68.

Hedge Funds Weigh In On Lithium Americas

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Lithium Americas by 5,307.4% during the 1st quarter. Vanguard Group Inc. now owns 3,047,023 shares of the company's stock valued at $117,280,000 after purchasing an additional 2,990,674 shares in the last quarter. Norges Bank purchased a new position in Lithium Americas during the fourth quarter valued at $17,582,000. Goldman Sachs Group Inc. lifted its holdings in Lithium Americas by 395.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,057,533 shares of the company's stock valued at $6,768,000 after purchasing an additional 844,229 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in shares of Lithium Americas in the third quarter worth about $10,257,000. Finally, Point72 Asset Management L.P. lifted its stake in shares of Lithium Americas by 34.0% in the second quarter. Point72 Asset Management L.P. now owns 923,547 shares of the company's stock worth $18,665,000 after buying an additional 234,294 shares in the last quarter.

Wall Street Analyst Weigh In

LAC has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a research note on Monday, March 18th. Scotiabank downgraded shares of Lithium Americas from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the stock from $15.00 to $7.00 in a research report on Monday, March 18th. Finally, Evercore ISI dropped their target price on shares of Lithium Americas from $13.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $14.94.

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. The company was incorporated in 2023 and is headquartered in Vancouver, Canada.