Stifel Canada Has Bearish Forecast for LAC FY2025 Earnings

Key Points

• Stifel Canada has downgraded its FY2025 earnings estimate for Lithium Americas Corp. from ($0.06) to ($0.16) per share, predicting continued losses through FY2026 and FY2027.
• Lithium Americas' recent quarterly earnings report showed a loss of ($0.06) EPS, missing expectations by ($0.02), and the company has been rated with a mix of holds, buys, and sells by various analysts.
• Recent insider trading activity includes the sale of 353,914 shares by VP Alexi Illya Zawadzki, representing a 89.84% decrease in his holdings.

Lithium Americas Corp. (NYSE:LAC - Free Report) - Stock analysts at Stifel Canada reduced their FY2025 earnings per share estimates for Lithium Americas in a report issued on Wednesday, October 1st. Stifel Canada analyst C. Mcgill now expects that the company will earn ($0.16) per share for the year, down from their previous estimate of ($0.06). The consensus estimate for Lithium Americas' current full-year earnings is ($0.12) per share. Stifel Canada also issued estimates for Lithium Americas' FY2026 earnings at ($0.09) EPS and FY2027 earnings at ($0.01) EPS.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings data 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 research analysts also recently commented on the stock. Cormark downgraded shares of Lithium Americas from a "moderate buy" rating to a "hold" rating in a report on Thursday. Jefferies Financial Group lowered their price objective on Lithium Americas from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, September 24th. Cowen lowered Lithium Americas from a "buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Wedbush upped their target price on Lithium Americas from $5.00 to $8.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Lithium Americas in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $5.08.

Lithium Americas Price Performance

Shares of NYSE:LAC opened at $9.01 on Monday. The company has a 50 day moving average of $3.50 and a 200 day moving average of $3.05. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.18 billion, a P/E ratio of -39.15 and a beta of 1.43. Lithium Americas has a 12 month low of $2.31 and a 12 month high of $9.33.

Institutional Trading of Lithium Americas

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Lithium Americas in the 1st quarter worth $27,000. Ping Capital Management Inc. bought a new position in shares of Lithium Americas during the first quarter valued at about $27,000. Members Wealth LLC purchased a new position in shares of Lithium Americas in the first quarter worth about $27,000. Harbour Investments Inc. lifted its stake in shares of 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 during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Lithium Americas during the 2nd quarter valued at about $28,000.

Insider Transactions at Lithium Americas

In other news, VP Alexi Illya Zawadzki sold 353,914 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $9.48, for a total value of $3,355,104.72. Following the completion of the transaction, the vice president directly owned 40,005 shares in the company, valued at approximately $379,247.40. This represents a 89.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.11% of the stock is currently owned by company insiders.

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.

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