Lithium Americas Corp. (NYSE:LAC - Free Report) - Stock analysts at Wedbush issued their FY2024 earnings per share (EPS) 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 objective 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.
LAC has been the topic of a number of other reports. National Bank Financial upgraded shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 17th. B. Riley increased their price objective 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 lowered their target price on shares of Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating for the company in a report on Friday, October 18th. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Lithium Americas currently has a consensus rating of "Hold" and an average target price of $5.56.
Check Out Our Latest Research Report on LAC
Lithium Americas stock opened at $2.97 on Monday. The business's 50-day simple moving average is $3.66 and its 200 day simple moving average is $2.98. The stock has a market cap of $655.43 million and a price-to-earnings ratio of -24.75. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $7.71.
Several institutional investors and hedge funds have recently made changes to their positions in LAC. Renaissance Technologies LLC acquired a new stake in Lithium Americas during the 2nd quarter worth $520,000. Marshall Wace LLP acquired a new stake in shares of Lithium Americas during the second quarter worth about $10,252,000. Merewether Investment Management LP bought a new position in shares of Lithium Americas during the 2nd quarter valued at about $858,000. Point72 Asset Management L.P. grew its position in shares of Lithium Americas by 580.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company's stock valued at $4,977,000 after purchasing an additional 1,584,123 shares during the period. Finally, Teamwork Financial Advisors LLC grew its position in shares of Lithium Americas by 2,274.3% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 398,760 shares of the company's stock valued at $1,077,000 after purchasing an additional 381,965 shares during the period.
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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