Wedbush Raises Earnings Estimates for Lithium Americas

Lithium Americas Corp. (NYSE:LAC) – Analysts at Wedbush upped their FY2025 earnings estimates for Lithium Americas in a report released on Monday, March 31st. Wedbush analyst D. Ives now anticipates that the company will post earnings of ($0.19) per share for the year, up from their previous forecast of ($0.20). Wedbush currently has a “Neutral” rating and a $5.00 price target on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.12) per share.

A number of other brokerages have also recently commented on LAC. Piper Sandler dropped their target price on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, Scotiabank decreased their target price on shares of Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.84.

Lithium Americas Stock Up 0.4 %

Shares of LAC stock opened at $2.77 on Wednesday. The business’s fifty day moving average is $2.93 and its 200 day moving average is $3.18. The stock has a market cap of $611.30 million, a price-to-earnings ratio of -23.08 and a beta of 1.77. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $7.71.

Lithium Americas (NYSE:LAC) last posted its 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 Investors Weigh In On Lithium Americas

A number of institutional investors have recently made changes to their positions in LAC. Cacti Asset Management LLC bought a new position in Lithium Americas in the 1st quarter valued at approximately $27,000. Sage Investment Counsel LLC purchased a new position in shares of Lithium Americas in the fourth quarter worth $30,000. Allworth Financial LP lifted its holdings in shares of Lithium Americas by 99.4% during the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock valued at $31,000 after purchasing an additional 4,893 shares in the last quarter. Mariner LLC purchased a new stake in shares of Lithium Americas during the fourth quarter valued at $31,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lithium Americas during the fourth quarter valued at $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.