Wedbush Has Positive Forecast for TSE:LAC FY2025 Earnings

Lithium Americas Corp. (TSE:LAC) – Equities researchers at Wedbush upped their FY2025 earnings per share estimates for Lithium Americas in a report released on Monday, March 31st. Wedbush analyst D. Ives now forecasts that the company will post earnings of ($0.27) per share for the year, up from their previous estimate of ($0.29). Wedbush currently has a “Hold” rating on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share.

LAC has been the topic of a number of other reports. Cormark raised Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. National Bankshares raised their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Lithium Americas currently has an average rating of “Moderate Buy” and an average price target of C$7.50.

Lithium Americas Stock Up 0.3 %

Shares of Lithium Americas stock opened at C$3.96 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 13.88 and a quick ratio of 52.06. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.59. The business’s fifty day moving average price is C$4.21 and its two-hundred day moving average price is C$4.47. The company has a market capitalization of C$602.49 million, a P/E ratio of -20.71 and a beta of 1.58.

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.