Scotiabank Forecasts Increased Earnings for Lithium Americas

Key Points

• Scotiabank has revised its FY2025 earnings per share forecast for Lithium Americas Corp. (TSE:LAC) from ($0.25) to ($0.23), indicating a slight improvement in expected performance.
• Meanwhile, National Bank Financial downgraded Lithium Americas from a "strong-buy" to a "hold" rating, highlighting mixed analyst sentiment with an overall "Moderate Buy" average rating.
• Currently, Lithium Americas' stock is priced at C$3.90, down 3.5%, with a consensus price target of C$7.50 as per market analysis.

Lithium Americas Corp. (TSE:LAC - Free Report) - Analysts at Scotiabank lifted their FY2025 earnings per share estimates for Lithium Americas in a research report issued to clients and investors on Monday, August 18th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of ($0.23) per share for the year, up from their prior estimate of ($0.25). The consensus estimate for Lithium Americas' current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas' FY2026 earnings at ($0.15) EPS.

LAC has been the topic of a number of other reports. National Bank Financial cut Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Cormark upgraded Lithium Americas to a "moderate buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$7.50.

Lithium Americas Stock Performance

Shares of LAC traded up C$0.05 on Wednesday, reaching C$3.85. 347,731 shares of the stock traded hands, compared to its average volume of 585,037. The firm has a market cap of C$585.75 million, a price-to-earnings ratio of -20.14 and a beta of 1.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$7.22. The stock's 50-day moving average price is C$3.84 and its 200-day moving average price is C$3.94.

About Lithium Americas

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.