FY2024 Earnings Estimate for TSE:LAC Issued By Scotiabank

Lithium Americas Corp. (TSE:LAC) – Equities research analysts at Scotiabank issued their FY2024 earnings per share estimates for shares of Lithium Americas in a research report issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson anticipates that the company will earn ($0.10) per share for the year. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas’ FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.14) EPS.

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

Several other equities analysts have also recently issued reports on the company. National Bankshares boosted their price target on Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research report on Friday. BMO Capital Markets raised Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wedbush upgraded shares of Lithium Americas to a “hold” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Lithium Americas currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.50.

Lithium Americas Stock Performance

Shares of Lithium Americas stock opened at C$4.61 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06. The stock has a market capitalization of C$1.00 billion, a price-to-earnings ratio of -28.81 and a beta of 1.58. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.59. The firm’s fifty day simple moving average is C$5.03 and its 200-day simple moving average is C$4.18.

Insider Activity at Lithium Americas

In related news, Director Alun Robert Doyle bought 10,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$4.47 per share, for a total transaction of C$44,748.00. 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.