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NYSE:LAC

Lithium Americas (LAC) Stock Price, News & Analysis

$3.80
-0.25 (-6.17%)
(As of 05/23/2024 ET)
Today's Range
$3.68
$4.06
50-Day Range
$3.80
$7.34
52-Week Range
$3.68
$12.38
Volume
17.37 million shs
Average Volume
4.27 million shs
Market Capitalization
$825.21 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.46

Lithium Americas MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
201.5% Upside
$11.46 Price Target
Short Interest
Bearish
12.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Lithium Americas in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.11) to ($0.19) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.93 out of 5 stars

Basic Materials Sector

124th out of 171 stocks

Metal Mining Industry

16th out of 22 stocks

LAC stock logo

About Lithium Americas Stock (NYSE:LAC)

Lithium Americas Corp. is a Canadian mining company focused on producing lithium, a key component in rechargeable batteries used in electric vehicles and energy storage systems. The company's primary asset is the Cauchari-Olaroz lithium project in the Jujuy province of Argentina. Lithium Americas also owns a 49% interest in the Thacker Pass lithium project in Nevada, USA. The company was founded in 2009 and is headquartered in Vancouver, British Columbia.

The management team at Lithium Americas is led by Chief Executive Officer and Director Jon Evans, who has been with the company since 2015. Evans has extensive experience in the mining industry, having previously served as the CEO of Arizona Mining and as a senior executive at various mining companies. Other key management team members include Chief Operating Officer John Kanellitsas and Chief Finacial Officer Eduard Epshtein. In 2021, the company announced the appointment of Eduardo Machuca as the new Chief Financial Officer, further strengthening the company's commitment to financial responsibility and sustainability.

Lithium Americas has seen strong revenue growth, increasing total revenue over the past several years. However, the company has yet to achieve profitability, reporting a yearly net loss since its inception. Lithium Americas has a strong balance sheet, with assets overpowering liabilities sufficiently. Lithium Americas is valued at a price-to-book ratio slightly below the industry average. However, the company's price-to-earnings ratio is currently negative due to the lack of profitability, making it difficult to compare to industry peers. Lithium Americas' stock has seen significant volatility in recent years, with share prices ranging from a low of $2.05 in March 2020 to a high of $38.94 in January 2021. The company has a market capitalization of approximately $3.5 billion.

The lithium mining industry has grown significantly in recent years due to the increasing demand for lithium-ion batteries in electric vehicles and energy storage systems. However, the industry is also facing challenges related to regulatory and political issues, particularly in countries with significant lithium reserves. The industry is highly competitive, with several large mining companies dominating the market, including Albemarle, SQM, and Ganfeng Lithium.

Lithium Americas has several potential growth opportunities, including developing its Cauchari-Olaroz and Thacker Pass lithium projects. The company is also exploring new partnerships and collaborations to expand its reach in the lithium mining industry. In addition, Lithium Americas is focused on sustainable mining practices and has invested in technology and innovation to minimize its environmental impact.

Lithium Americas faces several potential risks and challenges, including fluctuations in commodity prices, regulatory and political uncertainty, and competition from other mining companies. The company also faces risks related to environmental and social impact, particularly in the areas where its mining projects are located. However, Lithium Americas has firmly committed to sustainable mining practices and has implemented several initiatives to mitigate these risks.

LAC Stock Price History

LAC Stock News Headlines

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Lithium Americas (NYSE:LAC) Price Target Cut to $10.00
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See More Headlines
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Company Calendar

Last Earnings
3/15/2024
Today
5/23/2024
Next Earnings (Estimated)
8/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Fax
N/A
Employees
749
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.46
High Stock Price Target
$29.00
Low Stock Price Target
$5.10
Potential Upside/Downside
+201.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$1.87 per share

Miscellaneous

Free Float
174,166,000
Market Cap
$825.21 million
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Kelvin Paul Michael Dushnisky B.Sc. (Age 60)
    B.Sc. (Hon.), L.L.B., M.Sc., Executive Chairman of Board
  • Mr. Jonathan D. Evans (Age 53)
    President, CEO & Director
  • Mr. Pablo G. Mercado (Age 47)
    Executive VP & CFO
  • Ms. April Hashimoto
    Senior Vice President of Finance & Administration
  • Ms. Virginia Morgan
    Vice President of Investor Relations & ESG
  • Mr. Edward Grandy (Age 55)
    Senior VP, General Counsel & Corporate Secretary
  • Ms. Aubree Barnum P.H.R. (Age 38)
    Vice President of Human Resources
  • Mr. Richard Gerspacher (Age 49)
    Executive Vice President of Capital Projects
  • Ms. Tereza Fonda
    Corporate Counsel & Corporate Secretary

LAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Lithium Americas stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lithium Americas in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LAC shares.
View LAC analyst ratings
or view top-rated stocks.

What is Lithium Americas' stock price target for 2024?

12 Wall Street analysts have issued twelve-month price targets for Lithium Americas' stock. Their LAC share price targets range from $5.10 to $29.00. On average, they predict the company's share price to reach $11.46 in the next twelve months. This suggests a possible upside of 201.5% from the stock's current price.
View analysts price targets for LAC
or view top-rated stocks among Wall Street analysts.

How have LAC shares performed in 2024?

Lithium Americas' stock was trading at $6.40 at the beginning of 2024. Since then, LAC stock has decreased by 40.6% and is now trading at $3.80.
View the best growth stocks for 2024 here
.

Are investors shorting Lithium Americas?

Lithium Americas saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 16,290,000 shares, an increase of 9.4% from the April 15th total of 14,890,000 shares. Based on an average daily volume of 4,690,000 shares, the short-interest ratio is presently 3.5 days. Currently, 12.5% of the company's shares are sold short.
View Lithium Americas' Short Interest
.

When is Lithium Americas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024.
View our LAC earnings forecast
.

How were Lithium Americas' earnings last quarter?

Lithium Americas Corp. (NYSE:LAC) issued its earnings results on Friday, March, 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08).

What ETFs hold Lithium Americas' stock?
What is Philippe Spruch's approval rating as Lithium Americas' CEO?

7 employees have rated Lithium Americas Chief Executive Officer Philippe Spruch on Glassdoor.com. Philippe Spruch has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Lithium Americas own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lithium Americas investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), AT&T (T), Tesla (TSLA), Intel (INTC), NIO (NIO), QUALCOMM (QCOM), Sociedad Química y Minera de Chile (SQM), Micron Technology (MU) and Sorrento Therapeutics (SRNE).

Who are Lithium Americas' major shareholders?

Lithium Americas' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include General Motors Holdings LLC (6.91%), Van ECK Associates Corp (1.07%), Aquila Investment Management LLC (0.37%), Tidal Investments LLC (0.12%), Wealth Enhancement Advisory Services LLC (0.15%) and IMC Chicago LLC (0.00%).

How do I buy shares of Lithium Americas?

Shares of LAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LAC) was last updated on 5/23/2024 by MarketBeat.com Staff

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