FY2025 EPS Estimate for Lithium Americas Lifted by Analyst

Key Points

• Scotiabank has revised its FY2025 earnings per share estimate for Lithium Americas Corp. to ($0.17), an improvement from the previous estimate of ($0.18).
• The company's current full-year earnings consensus is ($0.12) per share, with FY2026 earnings estimated at ($0.11) EPS.
• Lithium Americas has a market capitalization of $616.20 million and its stock currently has an average price target of $4.15, with a consensus rating of "Hold".

Lithium Americas Corp. (NYSE:LAC - Free Report) - Investment analysts at Scotiabank boosted their FY2025 EPS estimates for shares of Lithium Americas in a research note issued on Monday, August 18th. Scotiabank analyst B. Isaacson now expects that the company will earn ($0.17) per share for the year, up from their previous forecast of ($0.18). 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 ($0.11) EPS.

Several other analysts have also recently weighed in on LAC. National Bankshares cut shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 16th. Wedbush reaffirmed a "neutral" rating and set a $5.00 price objective on shares of Lithium Americas in a research report on Friday, May 16th. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Lithium Americas presently has a consensus rating of "Hold" and a consensus target price of $4.15.

Lithium Americas Trading Up 1.2%

Shares of Lithium Americas stock traded up $0.0320 during mid-day trading on Wednesday, hitting $2.7820. The stock had a trading volume of 4,633,329 shares, compared to its average volume of 8,343,866. The firm has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.83. Lithium Americas has a 12-month low of $2.11 and a 12-month high of $5.20. The company has a quick ratio of 10.35, a current ratio of 9.88 and a debt-to-equity ratio of 0.33. The firm has a market cap of $621.30 million, a P/E ratio of -12.10 and a beta of 0.68.

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

Institutional Investors Weigh In On Lithium Americas

A number of hedge funds have recently added to or reduced their stakes in LAC. Bank of Montreal Can lifted its holdings in Lithium Americas by 3,173.0% during the 2nd quarter. Bank of Montreal Can now owns 846,998 shares of the company's stock worth $2,266,000 after buying an additional 821,120 shares in the last quarter. Invesco Ltd. lifted its holdings in Lithium Americas by 38.0% during the 2nd quarter. Invesco Ltd. now owns 1,666,561 shares of the company's stock worth $4,466,000 after buying an additional 459,252 shares in the last quarter. Decade Renewable Partners LP acquired a new stake in Lithium Americas during the 4th quarter worth approximately $1,331,000. Balyasny Asset Management L.P. acquired a new stake in Lithium Americas during the 2nd quarter worth approximately $1,057,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Lithium Americas by 44.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,046,556 shares of the company's stock worth $2,836,000 after buying an additional 324,518 shares in the last quarter.

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.