What is Wedbush’s Estimate for LAC FY2024 Earnings?

Lithium Americas Corp. (NYSE:LAC) – Equities researchers at Wedbush issued their FY2024 EPS estimates for Lithium Americas in a research report issued to clients and investors on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will earn ($0.15) per share for the year. Wedbush has a “Neutral” rating and a $5.00 price target 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.

A number of other analysts also recently issued reports on the company. Scotiabank lowered their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock 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 note on Thursday, October 17th. B. Riley increased their price objective on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.56.

Lithium Americas Price Performance

Shares of NYSE:LAC opened at $2.97 on Monday. The company’s 50-day moving average price is $3.66 and its two-hundred day moving average price is $2.98. Lithium Americas has a one year low of $2.02 and a one year high of $7.71. The stock has a market capitalization of $655.43 million and a PE ratio of -24.75.

Institutional Trading of Lithium Americas

A number of hedge funds have recently modified their holdings of LAC. Fairscale Capital LLC bought a new position in Lithium Americas in the 2nd quarter valued at about $27,000. AE Wealth Management LLC bought a new position in shares of Lithium Americas during the second quarter worth approximately $27,000. Evergreen Capital Management LLC bought a new position in shares of Lithium Americas during the second quarter worth approximately $27,000. Quent Capital LLC lifted its holdings in Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Lithium Americas in the 2nd quarter valued at $30,000.

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.