Lithium Americas (LAC) Scheduled to Post Earnings on Tuesday

Lithium Americas (TSE:LAC) will issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C($0.03) per share for the quarter.

Lithium Americas (TSE:LAC) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.04).

Lithium Americas Stock Performance

Shares of LAC stock opened at C$5.95 on Friday. Lithium Americas has a 1-year low of C$2.87 and a 1-year high of C$10.75. The company has a current ratio of 20.15, a quick ratio of 52.06 and a debt-to-equity ratio of 0.69. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -37.19 and a beta of 1.58. The stock’s fifty day simple moving average is C$3.86 and its 200-day simple moving average is C$4.40.

Analyst Ratings Changes

LAC has been the topic of a number of research analyst reports. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Piper Sandler cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, National Bankshares raised Lithium Americas from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$5.75 to C$7.25 in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lithium Americas currently has an average rating of “Moderate Buy” and an average target price of C$7.38.

Insiders Place Their Bets

In other news, Senior Officer Oleksandr Shulga sold 24,862 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$3.40, for a total transaction of C$84,530.80. Insiders own 7.40% of the company’s stock.

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.