What is B. Riley’s Forecast for TSE:LAC FY2024 Earnings?

Lithium Americas Corp. (TSE:LAC) – Stock analysts at B. Riley dropped their FY2024 earnings per share estimates for Lithium Americas in a research note issued on Tuesday, November 12th. B. Riley analyst M. Key now anticipates that the company will post earnings per share of ($0.18) for the year, down from their previous estimate of ($0.16). The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. B. Riley also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.50) EPS.

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

Several other brokerages have also recently commented on LAC. National Bankshares upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Piper Sandler cut shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Lithium Americas currently has an average rating of “Moderate Buy” and a consensus price target of C$7.38.

Lithium Americas Price Performance

Shares of Lithium Americas stock opened at C$5.24 on Thursday. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -32.75 and a beta of 1.58. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.59. The firm’s 50-day moving average price is C$4.25 and its two-hundred day moving average price is C$4.27.

Insider Activity

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total transaction of C$84,530.80. 7.40% of the stock is owned by corporate 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.