Equities Analysts Offer Predictions for LAC FY2024 Earnings

Lithium Americas Corp. (NYSE:LAC) – Equities research analysts at Wedbush issued their FY2024 earnings per share estimates for Lithium Americas in a research note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives forecasts that the company will earn ($0.15) per share for the year. Wedbush currently has a “Neutral” rating and a $5.00 target price 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 analysts have also issued reports about the stock. B. Riley lifted their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Scotiabank decreased their price objective 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. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, BMO Capital Markets raised 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.56.

Lithium Americas Stock Down 0.3 %

Lithium Americas stock opened at $3.16 on Monday. Lithium Americas has a 52 week low of $2.02 and a 52 week high of $7.71. The firm has a market cap of $697.36 million and a price-to-earnings ratio of -26.33. The business’s 50-day moving average price is $3.67 and its 200 day moving average price is $2.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LAC. Renaissance Technologies LLC purchased a new position in shares of Lithium Americas in the 2nd quarter valued at about $520,000. Marshall Wace LLP purchased a new stake in shares of Lithium Americas in the 2nd quarter valued at approximately $10,252,000. Merewether Investment Management LP acquired a new stake in shares of Lithium Americas in the 2nd quarter valued at $858,000. Point72 Asset Management L.P. lifted its position in shares of Lithium Americas by 580.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company’s stock worth $4,977,000 after purchasing an additional 1,584,123 shares during the last quarter. Finally, Teamwork Financial Advisors LLC grew its stake in shares of Lithium Americas by 2,274.3% during the third quarter. Teamwork Financial Advisors LLC now owns 398,760 shares of the company’s stock worth $1,077,000 after purchasing an additional 381,965 shares in the last quarter.

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.