Lithium Americas Corp. (NYSE:LAC – Free Report) – Equities research analysts at B. Riley issued their Q4 2023 EPS estimates for Lithium Americas in a research note issued on Monday, October 2nd. B. Riley analyst M. Key anticipates that the company will post earnings of $0.08 per share for the quarter. The consensus estimate for Lithium Americas’ current full-year earnings is $0.14 per share. B. Riley also issued estimates for Lithium Americas’ FY2025 earnings at $0.06 EPS.
A number of other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lithium Americas from $26.00 to $25.00 in a research report on Thursday, August 10th. Stifel Nicolaus set a $37.00 price target on shares of Lithium Americas and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Piper Sandler cut their price target on shares of Lithium Americas from $33.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, September 1st. Finally, HSBC cut their price target on shares of Lithium Americas from $36.00 to $30.00 in a report on Friday, June 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lithium Americas currently has an average rating of “Buy” and a consensus price target of $36.70.
Lithium Americas Price Performance
Lithium Americas stock opened at $11.72 on Wednesday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -106.55 and a beta of 1.47. The firm’s fifty day moving average is $18.08 and its 200 day moving average is $19.72. The company has a quick ratio of 10.13, a current ratio of 10.13 and a debt-to-equity ratio of 0.16. Lithium Americas has a 52-week low of $10.08 and a 52-week high of $29.48.
Lithium Americas (NYSE:LAC – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.29.
Institutional Trading of Lithium Americas
Several hedge funds have recently modified their holdings of LAC. Avantax Advisory Services Inc. grew its stake in shares of Lithium Americas by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,018 shares of the company’s stock worth $588,000 after purchasing an additional 958 shares during the period. Armstrong Advisory Group Inc. raised its position in shares of Lithium Americas by 156.5% during the 1st quarter. Armstrong Advisory Group Inc. now owns 1,475 shares of the company’s stock worth $32,000 after acquiring an additional 900 shares in the last quarter. U S Global Investors Inc. increased its position in Lithium Americas by 56.5% during the second quarter. U S Global Investors Inc. now owns 31,300 shares of the company’s stock worth $633,000 after buying an additional 11,300 shares during the period. NewGen Asset Management Ltd increased its position in Lithium Americas by 135.0% during the first quarter. NewGen Asset Management Ltd now owns 282,000 shares of the company’s stock worth $6,136,000 after buying an additional 162,000 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Lithium Americas by 68.2% in the 1st quarter. Allworth Financial LP now owns 3,945 shares of the company’s stock valued at $86,000 after purchasing an additional 1,600 shares during the last quarter. 27.28% of the stock is owned by hedge funds and other institutional investors.
Lithium Americas Company Profile
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.
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