Lithium Americas Corp. (TSE:LAC) Expected to Earn Q1 2023 Earnings of ($0.19) Per Share

Posted by on Apr 27th, 2023

Lithium Americas Corp. (TSE:LAC – Get Rating) – Cormark issued their Q1 2023 earnings per share (EPS) estimates for shares of Lithium Americas in a research note issued to investors on Monday, April 24th. Cormark analyst M. Whale forecasts that the company will post earnings per share of ($0.19) for the quarter. The consensus estimate for Lithium Americas’ current full-year earnings is $0.61 per share. Cormark also issued estimates for Lithium Americas’ Q2 2023 earnings at $0.23 EPS, Q3 2023 earnings at $0.70 EPS, Q4 2023 earnings at $0.73 EPS, FY2023 earnings at $1.05 EPS and FY2024 earnings at $1.43 EPS.

Lithium Americas (TSE:LAC – Get Rating) last released its quarterly earnings data on Friday, March 31st. The company reported C($0.26) earnings per share for the quarter, topping the consensus estimate of C($0.34) by C$0.08.

Separately, Pi Financial reissued a “buy” rating and set a C$40.00 price objective on shares of Lithium Americas in a research note on Wednesday, March 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$37.60.

Lithium Americas Stock Performance

LAC opened at C$26.56 on Wednesday. The firm has a market cap of C$4.24 billion, a PE ratio of -29.84 and a beta of 1.61. The company has a quick ratio of 52.06, a current ratio of 18.13 and a debt-to-equity ratio of 27.49. The business has a fifty day simple moving average of C$28.94 and a 200-day simple moving average of C$30.60. Lithium Americas has a fifty-two week low of C$23.80 and a fifty-two week high of C$42.82.

Insider Transactions at Lithium Americas

In other news, Senior Officer Eduard Epshtein sold 16,565 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of C$32.25, for a total value of C$534,221.25. In related news, Director Jonathan David Evans sold 20,103 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of C$32.52, for a total transaction of C$653,749.56. Also, Senior Officer Eduard Epshtein sold 16,565 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of C$32.25, for a total value of C$534,221.25. 14.63% of the stock is currently owned by insiders.

Lithium Americas Company Profile

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Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.

Further Reading

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

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