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S&P 500   4,109.31
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MarketBeat Week in Review – 3/27 - 3/31
Modern Day Options Trading For Beginners! (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Gas prices increase in NJ, around nation amid higher demand
Modern Day Options Trading For Beginners! (Ad)pixel
Lanterns and crescents: more retailers court Ramadan buyers
Shipbuilder Austal executives accused of inflating earnings
5 Hypergrowth Stocks to Buy Now (Ad)pixel
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
Modern Day Options Trading For Beginners! (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Gas prices increase in NJ, around nation amid higher demand
Modern Day Options Trading For Beginners! (Ad)pixel
Lanterns and crescents: more retailers court Ramadan buyers
Shipbuilder Austal executives accused of inflating earnings
5 Hypergrowth Stocks to Buy Now (Ad)pixel
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
Modern Day Options Trading For Beginners! (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Gas prices increase in NJ, around nation amid higher demand
Modern Day Options Trading For Beginners! (Ad)pixel
Lanterns and crescents: more retailers court Ramadan buyers
Shipbuilder Austal executives accused of inflating earnings
5 Hypergrowth Stocks to Buy Now (Ad)pixel
No more room for vroom? Paris votes on banishing e-scooters
NYSE:LAC

Lithium Americas - LAC Stock Forecast, Price & News

$21.76
+0.33 (+1.54%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$21.31
$21.86
50-Day Range
$20.14
$25.89
52-Week Range
$17.58
$40.39
Volume
2.21 million shs
Average Volume
2.02 million shs
Market Capitalization
$3.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$39.00

Lithium Americas MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
79.2% Upside
$39.00 Price Target
Short Interest
Bearish
12.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.85mentions of Lithium Americas in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.04) to $0.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Basic Materials Sector

124th out of 161 stocks

Metal Mining Industry

11th out of 15 stocks


LAC stock logo

About Lithium Americas (NYSE:LAC) Stock

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.

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LAC Stock News Headlines

Is American Lithium a Safe Bet as Demand for Lithium Soars (LAC)
Many investors are looking at lithium stocks and American Lithium offers investors a home-field advantage that may be the key to its success.
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast.
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast.
Five Must-Own Lithium Stocks to Own for 2023
10 Most Promising EV Battery Stocks According to Analysts
Tesla Could Be Forced To Buy A Lithium Miner
See More Headlines
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LAC Company Calendar

Last Earnings
11/15/2021
Today
4/01/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Fax
N/A
Employees
347
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+79.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$-38,490,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$4.00 per share

Miscellaneous

Free Float
121,153,000
Market Cap
$3.29 billion
Optionable
Not Optionable
Beta
1.52

Key Executives

  • Jonathan D. Evans
    President, Chief Executive Officer & Director
  • Eduard K. Epshtein
    Chief Financial Officer
  • Rene James William Leblanc
    Chief Technical Officer
  • Ignacio Celorrio
    President-Latin America
  • Tom Benson
    Lead Geologist-Global Exploration













LAC Stock - Frequently Asked Questions

Should I buy or sell Lithium Americas stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lithium Americas in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LAC shares.
View LAC analyst ratings
or view top-rated stocks.

What is Lithium Americas' stock price forecast for 2023?

7 brokers have issued 12 month price objectives for Lithium Americas' shares. Their LAC share price forecasts range from $30.00 to $50.00. On average, they predict the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 79.2% 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 2023?

Lithium Americas' stock was trading at $18.95 at the beginning of the year. Since then, LAC shares have increased by 14.8% and is now trading at $21.76.
View the best growth stocks for 2023 here
.

Are investors shorting Lithium Americas?

Lithium Americas saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 11,430,000 shares, an increase of 5.8% from the January 31st total of 10,800,000 shares. Based on an average trading volume of 2,570,000 shares, the short-interest ratio is currently 4.4 days. Approximately 11.0% of the shares of the company are short sold.
View Lithium Americas' Short Interest
.

When is Lithium Americas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our LAC earnings forecast
.

How were Lithium Americas' earnings last quarter?

Lithium Americas Corp. (NYSE:LAC) posted its quarterly earnings results on Monday, November, 15th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.05.

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).

What is Lithium Americas' stock symbol?

Lithium Americas trades on the New York Stock Exchange (NYSE) under the ticker symbol "LAC."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lithium Americas' stock price today?

One share of LAC stock can currently be purchased for approximately $21.76.

How much money does Lithium Americas make?

Lithium Americas (NYSE:LAC) has a market capitalization of $3.29 billion. The company earns $-38,490,000.00 in net income (profit) each year or ($0.70) on an earnings per share basis.

How many employees does Lithium Americas have?

The company employs 347 workers across the globe.

How can I contact Lithium Americas?

Lithium Americas' mailing address is SUITE 300 - 900 WEST HASTINGS STREET, VANCOUVER A1, V6C 1E5. The official website for the company is www.lithiumamericas.com. The company can be reached via phone at (778) 656-5820 or via email at ir@lithiumamericas.com.

This page (NYSE:LAC) was last updated on 4/2/2023 by MarketBeat.com Staff