Lithium Americas Corp. (NYSE:LAC – Free Report) – Investment analysts at Scotiabank lowered their FY2025 EPS estimates for Lithium Americas in a research note issued 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 forecast 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:LAC – Get Free Report) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08).
Read Our Latest Research Report on LAC
Lithium Americas Price Performance
LAC opened at $4.49 on Tuesday. The firm has a 50 day moving average price of $5.79 and a 200-day moving average price of $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 hedge funds and other institutional investors have recently modified their holdings of LAC. CWM LLC increased its stake in shares of Lithium Americas by 140.6% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $40,000 after purchasing an additional 1,360 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Lithium Americas by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 336,658 shares of the company’s stock worth $5,727,000 after acquiring an additional 3,909 shares during the last quarter. Aquila Investment Management LLC boosted its position in shares of Lithium Americas by 11.1% during the third quarter. Aquila Investment Management LLC now owns 120,000 shares of the company’s stock worth $2,041,000 after acquiring an additional 12,000 shares during the last quarter. Balboa Wealth Partners boosted its position in shares of Lithium Americas by 6.6% during the third quarter. Balboa Wealth Partners now owns 44,673 shares of the company’s stock worth $760,000 after acquiring an additional 2,785 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Lithium Americas by 28.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 203,969 shares of the company’s stock worth $3,470,000 after acquiring an additional 45,155 shares during 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.
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