FY2024 Earnings Estimate for LAC Issued By Wedbush

Lithium Americas Corp. (NYSE:LAC) – Research analysts at Wedbush issued their FY2024 earnings estimates for shares of Lithium Americas in a research note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will post earnings per share of ($0.15) for the year. Wedbush has a “Neutral” rating and a $5.00 price target on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.10) per share. Wedbush also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.04) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.20) EPS.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. B. Riley raised their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Scotiabank lowered their price target on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 18th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Lithium Americas currently has a consensus rating of “Hold” and a consensus price target of $5.56.

Lithium Americas Stock Performance

Shares of NYSE LAC opened at $3.16 on Monday. The stock has a 50 day moving average price of $3.67 and a 200 day moving average price of $2.98. The firm has a market capitalization of $697.36 million and a price-to-earnings ratio of -26.33. Lithium Americas has a 52-week low of $2.02 and a 52-week high of $7.71.

Hedge Funds Weigh In On Lithium Americas

Large investors have recently made changes to their positions in the business. Fairscale Capital LLC purchased a new position in Lithium Americas during the 2nd quarter worth $27,000. AE Wealth Management LLC purchased a new stake in shares of Lithium Americas during the second quarter worth about $27,000. Evergreen Capital Management LLC acquired a new position in shares of Lithium Americas during the second quarter valued at about $27,000. Quent Capital LLC raised its position in shares of Lithium Americas by 100.0% in the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after purchasing an additional 5,000 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lithium Americas in the 2nd quarter worth approximately $30,000.

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.