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

Lithium Americas (NYSE:LAC) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Monday, May 12th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

Lithium Americas (NYSE:LAC) last announced its quarterly earnings results on Friday, March 28th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). On average, analysts expect Lithium Americas to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lithium Americas Stock Up 0.6 %

Shares of Lithium Americas stock opened at $3.16 on Friday. Lithium Americas has a twelve month low of $2.02 and a twelve month high of $5.20. The company’s 50 day moving average is $2.83 and its 200 day moving average is $3.19. The company has a market cap of $691.05 million, a price-to-earnings ratio of -26.33 and a beta of 0.89.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Cormark raised Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. National Bankshares reissued an “outperform” rating on shares of Lithium Americas in a research report on Wednesday, April 2nd. Scotiabank reduced their price target on shares of Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating for the company in a research report on Monday, March 31st. Finally, Evercore ISI initiated coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an “outperform” rating and a $4.50 price objective on the stock. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lithium Americas has an average rating of “Moderate Buy” and a consensus price target of $4.75.

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.