FY2025 EPS Estimates for Lithium Americas Raised by Wedbush

Lithium Americas Corp. (NYSE:LAC) – Equities researchers at Wedbush boosted their FY2025 earnings estimates for shares of Lithium Americas in a research note issued to investors on Monday, March 31st. Wedbush analyst D. Ives now anticipates that the company will post earnings per share of ($0.19) for the year, up from their previous forecast of ($0.20). Wedbush currently has a “Neutral” rating and a $5.00 price objective on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.12) per share.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Friday, March 28th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09).

Several other equities analysts have also weighed in on LAC. Scotiabank reduced their price target on shares of Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating for the company in a research report on Monday. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Finally, Piper Sandler lowered their price target on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lithium Americas currently has an average rating of “Hold” and a consensus target price of $4.84.

Lithium Americas Price Performance

Shares of Lithium Americas stock opened at $2.77 on Wednesday. The firm has a market cap of $610.19 million, a PE ratio of -23.04 and a beta of 1.77. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71. The stock has a fifty day moving average price of $2.94 and a 200-day moving average price of $3.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Lithium Americas by 8.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,254,848 shares of the company’s stock valued at $9,732,000 after acquiring an additional 240,418 shares during the period. Quinn Opportunity Partners LLC grew its position in shares of Lithium Americas by 1,132.5% in the fourth quarter. Quinn Opportunity Partners LLC now owns 811,632 shares of the company’s stock valued at $2,411,000 after purchasing an additional 745,777 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of Lithium Americas by 150.9% during the 4th quarter. HITE Hedge Asset Management LLC now owns 731,473 shares of the company’s stock valued at $2,172,000 after purchasing an additional 439,974 shares during the period. Teamwork Financial Advisors LLC lifted its holdings in Lithium Americas by 79.2% during the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company’s stock worth $2,122,000 after purchasing an additional 315,621 shares in the last quarter. Finally, Decade Renewable Partners LP bought a new position in Lithium Americas in the 4th quarter worth about $1,331,000.

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.