Lithium Americas Corp. Expected to Earn FY2025 Earnings of $0.22 Per Share (NYSE:LAC)

Lithium Americas Corp. (NYSE:LACFree Report) – Investment analysts at Scotiabank reduced their FY2025 earnings estimates for shares of Lithium Americas in a research report issued to clients and investors on Monday, April 22nd. Scotiabank analyst B. Isaacson now expects that the company will post earnings of $0.22 per share for the year, down from their previous estimate of $0.28. Scotiabank currently has a “Sector Perform” rating and a $7.00 target price on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.14) per share.

Lithium Americas (NYSE:LACGet Free Report) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08).

A number of other research analysts have also recently commented on the stock. Evercore ISI decreased their target price on shares of Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. HSBC decreased their target price on shares of Lithium Americas from $6.50 to $5.10 and set a “hold” rating on the stock in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.18.

Read Our Latest Report on Lithium Americas

Lithium Americas Price Performance

Shares of LAC stock opened at $4.49 on Tuesday. The company’s 50-day moving average price is $5.79 and its 200-day moving average price is $6.17. Lithium Americas has a twelve month low of $3.81 and a twelve month high of $12.38.

Institutional Trading of Lithium Americas

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aquila Investment Management LLC increased its stake in Lithium Americas by 89.9% during the first quarter. Aquila Investment Management LLC now owns 600,000 shares of the company’s stock worth $4,032,000 after purchasing an additional 284,000 shares during the period. Teamwork Financial Advisors LLC purchased a new stake in Lithium Americas during the first quarter worth about $68,000. MorganRosel Wealth Management LLC purchased a new stake in Lithium Americas during the first quarter worth about $101,000. Wealth Enhancement Advisory Services LLC increased its stake in Lithium Americas by 8.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 242,074 shares of the company’s stock worth $1,627,000 after purchasing an additional 18,388 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Lithium Americas during the first quarter worth about $25,000.

Lithium Americas Company Profile

(Get Free Report)

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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