What is B. Riley’s Forecast for TSE:LAC FY2024 Earnings?

Lithium Americas Corp. (TSE:LAC) – Equities research analysts at B. Riley reduced their FY2024 earnings per share estimates for Lithium Americas in a report issued on Tuesday, November 12th. B. Riley analyst M. Key now forecasts that the company will earn ($0.18) per share for the year, down from their prior estimate of ($0.16). The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. B. Riley also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.50) EPS.

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

LAC has been the subject of a number of other reports. National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$5.75 to C$7.25 in a research note on Thursday, October 17th. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th. National Bank Financial raised shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Lithium Americas presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.38.

Lithium Americas Price Performance

LAC opened at C$5.45 on Thursday. The stock has a market cap of C$1.19 billion, a P/E ratio of -34.06 and a beta of 1.58. Lithium Americas has a 12 month low of C$2.87 and a 12 month high of C$10.75. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of C$4.17 and a 200 day simple moving average of C$4.29.

Insider Buying and Selling at Lithium Americas

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$3.40, for a total value of C$84,530.80. Company insiders own 7.40% of the company’s stock.

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.