Scotiabank Estimates TSE:LAC FY2024 Earnings

Lithium Americas Corp. (TSE:LAC) – Equities researchers at Scotiabank issued their FY2024 earnings per share estimates for shares of Lithium Americas in a report released on Wednesday, January 8th. Scotiabank analyst B. Isaacson expects that the company will earn ($0.10) per share for the year. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas’ FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.14) EPS.

Lithium Americas (TSE:LAC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.03) by C$0.01.

Several other analysts have also recently issued reports on the company. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Wedbush raised shares of Lithium Americas to a “hold” rating in a research report on Thursday, December 19th. National Bank Financial upgraded Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, National Bankshares upped 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 report on Friday. Four equities 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$7.50.

Lithium Americas Stock Performance

TSE LAC opened at C$4.54 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 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 company has a market cap of C$989.72 million, a PE ratio of -28.38 and a beta of 1.58. The stock’s 50 day simple moving average is C$5.03 and its 200-day simple moving average is C$4.18.

Insider Activity at Lithium Americas

In other news, Director Alun Robert Doyle purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of C$4.47 per share, for a total transaction of C$44,748.00. 7.40% of the stock is owned by corporate insiders.

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.