FY2024 Earnings Forecast for TSE:LAC Issued By Wedbush

Lithium Americas Corp. (TSE:LAC) – Stock analysts at Wedbush issued their FY2024 earnings per share (EPS) estimates for Lithium Americas in a research note issued on Thursday, December 19th. Wedbush analyst D. Ives anticipates that the company will earn ($0.22) per share for the year. Wedbush has a “Hold” rating on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Wedbush also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.29) EPS.

Other analysts have also issued research reports about the company. National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$5.75 to C$7.25 in a report on Thursday, October 17th. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$7.38.

Lithium Americas Price Performance

Shares of LAC opened at C$4.54 on Monday. The stock has a market capitalization of C$989.72 million, a PE ratio of -28.38 and a beta of 1.58. The company has a 50 day moving average price of C$5.10 and a 200-day moving average price of C$4.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 52.06 and a current ratio of 20.15. Lithium Americas has a fifty-two week low of C$2.87 and a fifty-two week high of C$10.59.

Lithium Americas (TSE:LAC) last released its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01.

Insider Buying and Selling at Lithium Americas

In other news, Director Alun Robert Doyle bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is currently owned by company insiders.

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.