Lithium Americas Corp. (NYSE:LAC – Get Rating) – Stock analysts at Jefferies Financial Group issued their Q2 2022 EPS estimates for shares of Lithium Americas in a report released on Tuesday, June 21st. Jefferies Financial Group analyst L. Alexander anticipates that the company will post earnings of ($0.15) per share for the quarter. The consensus estimate for Lithium Americas’ current full-year earnings is $0.01 per share.
Several other equities analysts also recently issued reports on LAC. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lithium Americas from $40.00 to $36.00 in a report on Friday, May 6th. Stifel Nicolaus assumed coverage on shares of Lithium Americas in a research note on Thursday, February 24th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.70.
Lithium Americas (NYSE:LAC – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.21). During the same quarter in the previous year, the company earned ($0.16) EPS.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in Lithium Americas during the first quarter valued at approximately $49,000. Northern Oak Wealth Management Inc. grew its holdings in Lithium Americas by 169.5% during the first quarter. Northern Oak Wealth Management Inc. now owns 795 shares of the company’s stock valued at $31,000 after purchasing an additional 500 shares during the period. Neuberger Berman Group LLC grew its holdings in Lithium Americas by 64.5% during the first quarter. Neuberger Berman Group LLC now owns 22,039 shares of the company’s stock valued at $850,000 after purchasing an additional 8,643 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Lithium Americas by 7.8% during the first quarter. The Manufacturers Life Insurance Company now owns 101,472 shares of the company’s stock valued at $3,916,000 after purchasing an additional 7,368 shares during the period. Finally, Toroso Investments LLC grew its holdings in Lithium Americas by 89.9% during the first quarter. Toroso Investments LLC now owns 38,115 shares of the company’s stock valued at $1,467,000 after purchasing an additional 18,047 shares during the period. 17.87% of the stock is owned by institutional investors and hedge funds.
About Lithium Americas (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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