Lithium Americas Corp. (NYSE:LAC – Free Report) – Stock analysts at Scotiabank dropped their FY2026 earnings per share estimates for shares of Lithium Americas in a research report issued to clients and investors on Monday, April 22nd. Scotiabank analyst B. Isaacson now anticipates that the company will earn $0.93 per share for the year, down from their prior estimate of $1.38. Scotiabank currently has a “Sector Perform” rating and a $7.00 target price on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.14) per share.
Lithium Americas (NYSE:LAC – Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08).
Read Our Latest Research Report on Lithium Americas
Lithium Americas Stock Performance
Shares of LAC opened at $4.49 on Wednesday. The business has a fifty day moving average of $5.79 and a 200 day moving average of $6.17. Lithium Americas has a 52-week low of $3.81 and a 52-week high of $12.38.
Institutional Trading of Lithium Americas
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. General Motors Holdings LLC increased its stake in shares of Lithium Americas by 100.0% during the fourth quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company’s stock valued at $190,829,000 after buying an additional 15,002,245 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Lithium Americas by 24.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,345,908 shares of the company’s stock valued at $15,122,000 after buying an additional 461,635 shares during the period. Van ECK Associates Corp increased its stake in shares of Lithium Americas by 22.2% during the fourth quarter. Van ECK Associates Corp now owns 2,033,397 shares of the company’s stock valued at $13,015,000 after buying an additional 369,879 shares during the period. Panview Asian Equity Master Fund purchased a new position in shares of Lithium Americas during the fourth quarter valued at $1,911,000. Finally, Aquila Investment Management LLC increased its stake in shares of Lithium Americas by 89.9% during the first quarter. Aquila Investment Management LLC now owns 600,000 shares of the company’s stock valued at $4,032,000 after buying an additional 284,000 shares during the period.
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.
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