FY2025 EPS Forecast for Lithium Americas Reduced by Analyst

Lithium Americas Corp. (NYSE:LAC) – Scotiabank decreased their FY2025 EPS estimates for shares of Lithium Americas in a research note issued to investors on Monday, March 31st. Scotiabank analyst B. Isaacson now expects that the company will post earnings per share of ($0.26) for the year, down from their previous estimate of ($0.09). Scotiabank currently has a “Sector Perform” rating and a $2.75 price target 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.

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

LAC has been the subject of a number of other research reports. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Piper Sandler dropped 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 note on Tuesday, January 7th. Finally, Wedbush started coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They set a “neutral” rating and a $5.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.84.

Lithium Americas Stock Up 0.4 %

NYSE:LAC opened at $2.77 on Thursday. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $7.71. The stock’s 50-day simple moving average is $2.93 and its 200 day simple moving average is $3.18. The firm has a market capitalization of $611.30 million, a PE ratio of -23.08 and a beta of 1.77.

Hedge Funds Weigh In On Lithium Americas

Several large investors have recently modified their holdings of LAC. Cacti Asset Management LLC bought a new stake in shares of Lithium Americas in the first quarter worth $27,000. Sage Investment Counsel LLC acquired a new position in Lithium Americas during the 4th quarter worth about $30,000. Allworth Financial LP grew its position in shares of Lithium Americas by 99.4% in the 4th quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock valued at $31,000 after buying an additional 4,893 shares during the last quarter. Mariner LLC acquired a new stake in shares of Lithium Americas in the fourth quarter valued at about $31,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Lithium Americas during the fourth quarter worth about $34,000.

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.