Scotiabank Lowers Earnings Estimates for Lithium Americas

Lithium Americas Corp. (NYSE:LAC) – Equities researchers at Scotiabank decreased their FY2025 earnings estimates for Lithium Americas in a research report issued to clients and investors on Monday, March 31st. Scotiabank analyst B. Isaacson now forecasts that the company will earn ($0.26) per share for the year, down from their previous forecast of ($0.09). Scotiabank currently has a “Sector Perform” rating and a $2.75 target price on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for Lithium Americas’ FY2026 earnings at ($0.26) EPS.

Other analysts also recently issued research reports about the stock. Piper Sandler reduced their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Wedbush assumed coverage on shares of Lithium Americas in a report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target for the company. Finally, Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.84.

Lithium Americas Price Performance

NYSE LAC opened at $2.77 on Thursday. The stock has a market capitalization of $611.30 million, a P/E ratio of -23.08 and a beta of 1.77. The business has a 50 day simple moving average of $2.93 and a 200 day simple moving average of $3.18. Lithium Americas has a one year low of $2.02 and a one year high of $7.71.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Friday, March 28th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09).

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LAC. Perigon Wealth Management LLC increased its position in shares of Lithium Americas by 46.2% during the fourth quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock worth $47,000 after acquiring an additional 5,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lithium Americas by 21.6% during the 3rd quarter. Geode Capital Management LLC now owns 103,275 shares of the company’s stock worth $279,000 after purchasing an additional 18,321 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Lithium Americas in the fourth quarter worth approximately $55,000. Jones Financial Companies Lllp lifted its holdings in shares of Lithium Americas by 29.5% in the fourth quarter. Jones Financial Companies Lllp now owns 87,350 shares of the company’s stock valued at $259,000 after purchasing an additional 19,908 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Lithium Americas by 50.7% during the third quarter. Barclays PLC now owns 115,208 shares of the company’s stock valued at $311,000 after buying an additional 38,781 shares during the last quarter.

About Lithium Americas

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.