Scotiabank Forecasts Higher Earnings for Lithium Americas

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) - Equities research analysts at Scotiabank increased their FY2025 earnings per share (EPS) 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 earn ($0.17) per share for the year, up from their prior 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.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02).

Several other brokerages have also issued reports on LAC. National Bankshares lowered Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Wedbush reissued a "neutral" rating and set a $5.00 price objective on shares of Lithium Americas in a research note on Friday, May 16th. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Cormark upgraded shares of Lithium Americas to a "moderate buy" rating in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $4.15.

Lithium Americas Stock Up 2.0%

Shares of Lithium Americas stock traded up $0.0550 during trading hours on Wednesday, reaching $2.8450. 4,893,556 shares of the company were exchanged, compared to its average volume of 5,606,843. The firm has a market cap of $687.52 million, a PE ratio of -12.37 and a beta of 0.68. The stock's fifty day moving average is $2.80 and its 200 day moving average is $2.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 9.88 and a current ratio of 9.88. Lithium Americas has a 1 year low of $2.11 and a 1 year high of $5.20.

Institutional Investors Weigh In On Lithium Americas

A number of large investors have recently made changes to their positions in LAC. Cacti Asset Management LLC acquired a new position in Lithium Americas in the 1st quarter valued at approximately $27,000. Members Wealth LLC bought a new stake in Lithium Americas in the 1st quarter valued at $27,000. Ping Capital Management Inc. bought a new position in shares of Lithium Americas during the 1st quarter worth about $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Lithium Americas during the 1st quarter valued at about $27,000. Finally, Harbour Investments Inc. increased its position in Lithium Americas by 86.1% in the 2nd quarter. Harbour Investments Inc. now owns 9,900 shares of the company's stock valued at $27,000 after acquiring an additional 4,580 shares in the last quarter.

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.