Lithium Americas (LAC) Scheduled to Post Quarterly Earnings on Monday

Lithium Americas (TSE:LAC) is scheduled to be releasing its earnings data after the market closes on Monday, May 13th. Analysts expect Lithium Americas to post earnings of C($0.08) per share for the quarter.

Lithium Americas (TSE:LAC) last issued its quarterly 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).

Lithium Americas Trading Down 0.7 %

Shares of LAC stock opened at C$6.11 on Monday. Lithium Americas has a fifty-two week low of C$5.17 and a fifty-two week high of C$31.34. The company has a 50 day moving average price of C$7.88 and a 200 day moving average price of C$7.99. The stock has a market capitalization of C$989.70 million, a P/E ratio of -203.67 and a beta of 1.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38.

Analysts Set New Price Targets

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

Insider Activity at Lithium Americas

In other news, Director Jinhee Magie acquired 8,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were bought at an average cost of C$6.48 per share, with a total value of C$51,840.00. Insiders have bought a total of 8,831 shares of company stock valued at $55,411 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

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.