Wedbush Estimates TSE:LAC FY2024 Earnings

Lithium Americas Corp. (TSE:LAC) – Research analysts at Wedbush issued their FY2024 earnings per share (EPS) estimates for Lithium Americas in a research report issued on Thursday, December 19th. Wedbush analyst D. Ives expects that the company will post earnings per share of ($0.22) for the year. Wedbush has a “Hold” rating on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Wedbush also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.06) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.29) EPS.

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

Several other brokerages have also recently issued reports on LAC. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$5.75 to C$7.25 in a report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$7.38.

Lithium Americas Price Performance

Shares of LAC stock opened at C$4.27 on Monday. The company has a market capitalization of C$930.86 million, a P/E ratio of -26.69 and a beta of 1.58. The company’s 50-day simple moving average is C$5.09 and its two-hundred day simple moving average is C$4.13. Lithium Americas has a one year low of C$2.87 and a one year high of C$10.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.

Insider Buying and Selling at Lithium Americas

In other news, Director Alun Robert Doyle acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$4.47 per share, with a total value of C$44,748.00. Insiders own 7.40% of the company’s stock.

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.