B. Riley Comments on Lithium Americas Corp.’s Q3 2024 Earnings (TSE:LAC)

Lithium Americas Corp. (TSE:LAC) – Equities researchers at B. Riley issued their Q3 2024 earnings per share (EPS) estimates for Lithium Americas in a note issued to investors on Friday, August 16th. B. Riley analyst M. Key forecasts that the company will earn ($0.03) per share for the quarter. 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.

LAC has been the topic of a number of other reports. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Eight Capital raised Lithium Americas to a “strong-buy” rating in a research report on Tuesday, May 14th. National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Finally, National Bankshares set a C$7.00 target price on Lithium Americas and gave the company a “sector perform” rating in a research report on Thursday, June 6th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$9.00.

Lithium Americas Trading Up 1.7 %

LAC opened at C$3.56 on Monday. Lithium Americas has a one year low of C$2.93 and a one year high of C$28.88. The stock has a market capitalization of C$773.13 million, a PE ratio of -50.86 and a beta of 1.58. The business’s 50 day moving average price is C$3.65 and its 200 day moving average price is C$5.69. The company has a debt-to-equity ratio of 0.92, a quick ratio of 52.06 and a current ratio of 6.94.

Insider Buying and Selling at Lithium Americas

In related news, Director John Kanellitsas acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average price of C$3.89 per share, with a total value of C$194,500.00. In related news, Senior Officer Samuel William Pigott acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of C$3.60 per share, with a total value of C$108,000.00. Also, Director John Kanellitsas acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of C$3.89 per share, for a total transaction of C$194,500.00. Insiders have bought a total of 80,400 shares of company stock valued at $303,840 over the last quarter. 7.40% of the stock is 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.