Equities Analysts Offer Predictions for Lithium Americas Corp.’s Q2 2022 Earnings (TSE:LAC)

Lithium Americas Corp. (TSE:LACGet Rating) – Stock analysts at Jefferies Financial Group issued their Q2 2022 earnings per share (EPS) estimates for shares of Lithium Americas in a research note issued on Tuesday, June 21st. Jefferies Financial Group analyst L. Alexander anticipates that the company will post earnings per share of ($0.20) for the quarter. The consensus estimate for Lithium Americas’ current full-year earnings is $0.79 per share.

Lithium Americas (TSE:LACGet Rating) last issued its earnings results on Thursday, May 5th. The company reported C($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.18) by C($0.26).

A number of other equities research analysts have also commented on LAC. Canaccord Genuity Group lowered their price target on Lithium Americas from C$54.00 to C$50.00 in a research report on Friday, March 18th. TD Securities lowered their price target on Lithium Americas from C$45.00 to C$44.00 and set a “hold” rating for the company in a research report on Friday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Lithium Americas presently has an average rating of “Moderate Buy” and a consensus target price of C$43.80.

TSE LAC opened at C$27.94 on Thursday. The firm has a market capitalization of C$3.76 billion and a P/E ratio of -35.87. The business has a fifty day simple moving average of C$31.34 and a 200 day simple moving average of C$35.12. Lithium Americas has a 12 month low of C$16.03 and a 12 month high of C$53.09. The company has a current ratio of 51.19, a quick ratio of 51.19 and a debt-to-equity ratio of 35.41.

In related news, Senior Officer Rene James William Leblanc sold 37,900 shares of Lithium Americas stock in a transaction dated Monday, March 28th. The stock was sold at an average price of C$43.26, for a total value of C$1,639,394.82. Following the completion of the sale, the insider now owns 82,081 shares of the company’s stock, valued at approximately C$3,550,479.32.

Lithium Americas Company Profile (Get Rating)

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.

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Earnings History and Estimates for Lithium Americas (TSE:LAC)

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