FY2024 Earnings Estimate for Lithium Americas Corp. Issued By Cormark (TSE:LAC)

Lithium Americas Corp. (TSE:LAC) – Cormark reduced their FY2024 earnings per share (EPS) estimates for Lithium Americas in a report released on Wednesday, April 24th. Cormark analyst M. Whale now anticipates that the company will post earnings of ($0.23) per share for the year, down from their previous forecast of ($0.14). The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share.

Lithium Americas (TSE:LAC) last announced its earnings results on Friday, March 15th. The company reported C($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.07).

Separately, JPMorgan Chase & Co. lowered their price target on Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating for the company in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$22.75.

Lithium Americas Trading Down 1.1 %

TSE LAC opened at C$6.26 on Monday. The firm has a market cap of C$1.01 billion, a PE ratio of -208.67 and a beta of 1.58. Lithium Americas has a 52 week low of C$5.17 and a 52 week high of C$31.34. The company has a quick ratio of 52.06, a current ratio of 8.38 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average price of C$7.86 and a 200 day moving average price of C$8.16.

Insider Activity

In other news, Director Jinhee Magie bought 8,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average cost of C$6.48 per share, with a total value of C$51,840.00. Insiders bought a total of 8,831 shares of company stock valued at $55,411 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Lithium Americas Company Profile

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.