Analysts Offer Predictions for LAC FY2024 Earnings

Lithium Americas Corp. (NYSE:LAC) – Investment analysts at Scotiabank issued their FY2024 earnings estimates for shares of Lithium Americas in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst B. Isaacson expects that the company will post earnings of ($0.07) per share for the year. Scotiabank currently has a “Sector Perform” rating and a $2.50 target price on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.10) per share. Scotiabank also issued estimates for Lithium Americas’ FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.10) EPS.

A number of other analysts also recently issued reports on LAC. B. Riley raised their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. National Bank Financial raised Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Piper Sandler lowered their price target on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wedbush began coverage on shares of Lithium Americas in a report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price objective on the stock. Finally, BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.51.

Lithium Americas Price Performance

Shares of LAC stock opened at $3.27 on Monday. The company has a market capitalization of $721.64 million, a PE ratio of -27.25 and a beta of 1.67. The firm’s 50-day moving average is $3.51 and its two-hundred day moving average is $3.02. Lithium Americas has a 12 month low of $2.02 and a 12 month high of $7.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC acquired a new position in shares of Lithium Americas in the second quarter worth $27,000. Fairscale Capital LLC purchased a new position in Lithium Americas in the second quarter valued at $27,000. Evergreen Capital Management LLC acquired a new position in Lithium Americas during the 2nd quarter worth $27,000. Quent Capital LLC increased its holdings in Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Lithium Americas in the 2nd quarter valued at about $32,000.

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.