FY2021 EPS Estimates for Lithium Americas Corp. (TSE:LAC) Cut by Piper Sandler

Lithium Americas Corp. (TSE:LAC) – Stock analysts at Piper Sandler decreased their FY2021 EPS estimates for Lithium Americas in a research report issued to clients and investors on Monday, November 22nd. Piper Sandler analyst G. Tuttle now expects that the company will earn ($0.71) per share for the year, down from their previous forecast of ($0.61). Piper Sandler also issued estimates for Lithium Americas’ Q4 2021 earnings at ($0.22) EPS, Q1 2022 earnings at ($0.56) EPS, Q2 2022 earnings at ($0.15) EPS, Q3 2022 earnings at ($0.10) EPS and FY2022 earnings at ($0.90) EPS.

LAC has been the subject of several other reports. BMO Capital Markets raised their price target on Lithium Americas from C$22.00 to C$30.00 in a report on Thursday, November 18th. Cormark lifted their price objective on Lithium Americas from C$40.00 to C$45.00 in a report on Thursday, November 18th. Canaccord Genuity raised their target price on Lithium Americas from C$35.00 to C$46.00 in a research report on Thursday, November 18th. Industrial Alliance Securities reissued a “buy” rating and issued a C$55.00 target price on shares of Lithium Americas in a research report on Thursday, November 18th. Finally, TD Securities raised their target price on Lithium Americas from C$36.00 to C$45.00 and gave the stock a “hold” rating in a research report on Thursday, November 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Lithium Americas has an average rating of “Buy” and an average target price of C$41.43.

Shares of TSE:LAC opened at C$46.40 on Wednesday. Lithium Americas has a 1-year low of C$11.40 and a 1-year high of C$49.32. The company has a debt-to-equity ratio of 34.55, a current ratio of 57.43 and a quick ratio of 57.36. The business has a fifty day moving average price of C$34.27 and a 200-day moving average price of C$24.64. The company has a market capitalization of C$5.58 billion and a PE ratio of -73.89.

Lithium Americas Company Profile

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and Thacker Pass project located in north-western Nevada. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp.

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

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