Lithium Americas (LAC) to Release Quarterly Earnings on Friday

Lithium Americas (NYSE:LAC) is projected to release its earnings data before the market opens on Friday, March 21st. Analysts expect Lithium Americas to post earnings of ($0.02) per share for the quarter.

Lithium Americas Price Performance

NYSE LAC opened at $2.79 on Friday. Lithium Americas has a one year low of $2.02 and a one year high of $7.71. The firm has a market cap of $614.61 million, a P/E ratio of -23.21 and a beta of 1.77. The stock’s 50-day moving average is $3.05 and its 200-day moving average is $3.13.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LAC. Wedbush began coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Finally, Piper Sandler lowered their target price on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lithium Americas presently has a consensus rating of “Hold” and a consensus target price of $5.51.

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.