Wedbush Research Analysts Raise Earnings Estimates for LAC

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

Lithium Americas (NYSE:LAC) last released 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).

Several other research analysts have also weighed in on the company. Cormark raised Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Scotiabank dropped their price target on Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Piper Sandler reduced their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Lithium Americas currently has an average rating of “Hold” and a consensus price target of $4.84.

Lithium Americas Stock Up 2.0 %

Shares of NYSE LAC opened at $2.77 on Wednesday. The company has a market capitalization of $610.19 million, a PE ratio of -23.04 and a beta of 1.77. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $7.71. The firm has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $3.19.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LAC. Allworth Financial LP increased its position 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 worth $31,000 after acquiring an additional 4,893 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in Lithium Americas during the 4th quarter valued at about $30,000. Cacti Asset Management LLC bought a new stake in Lithium Americas during the 1st quarter worth approximately $27,000. Mariner LLC purchased a new stake in shares of Lithium Americas in the fourth quarter worth approximately $31,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Lithium Americas in the fourth quarter valued at approximately $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.