FY2024 Earnings Estimate for TSE:LAC Issued By Scotiabank

Lithium Americas Corp. (TSE:LACFree Report) – Analysts at Scotiabank issued their FY2024 EPS estimates for shares of Lithium Americas in a research report issued on Wednesday, January 8th. Scotiabank analyst B. Isaacson forecasts that the company will post earnings per share of ($0.10) for the year. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas’ FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.14) EPS.

Lithium Americas (TSE:LACGet Free Report) last issued its earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.03) by C$0.01.

Other equities analysts have also issued research reports about the company. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Wedbush raised shares of Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. National Bankshares boosted their price objective on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$7.50.

Get Our Latest Report on Lithium Americas

Lithium Americas Trading Down 3.4 %

Shares of TSE LAC opened at C$4.54 on Monday. Lithium Americas has a twelve month low of C$2.87 and a twelve month high of C$10.59. The firm has a market cap of C$989.72 million, a PE ratio of -28.38 and a beta of 1.58. The business has a fifty day simple moving average of C$5.03 and a two-hundred day simple moving average of C$4.18. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69.

Insider Activity at Lithium Americas

In other news, Director Alun Robert Doyle bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is currently owned by corporate insiders.

About Lithium Americas

(Get Free Report)

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.

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Earnings History and Estimates for Lithium Americas (TSE:LAC)

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