Lithium Americas Corp. Forecasted to Earn FY2025 Earnings of $0.30 Per Share (TSE:LAC)

Lithium Americas Corp. (TSE:LAC) – Scotiabank reduced their FY2025 earnings per share estimates for shares of Lithium Americas in a report released on Monday, April 22nd. Scotiabank analyst B. Isaacson now anticipates that the company will earn $0.30 per share for the year, down from their previous estimate of $0.38. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share.

Separately, JPMorgan Chase & Co. cut their price objective on Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Lithium Americas presently has an average rating of “Hold” and a consensus target price of C$22.75.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$6.52 on Tuesday. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of -217.33 and a beta of 1.58. Lithium Americas has a one year low of C$5.17 and a one year high of C$31.34. The company’s 50-day simple moving average is C$7.83 and its 200-day simple moving average is C$8.51. The company has a debt-to-equity ratio of 0.97, a quick ratio of 52.06 and a current ratio of 8.38.

Lithium Americas (TSE:LAC) last announced its quarterly earnings data on Friday, March 15th. The company reported C($0.11) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.07).

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.