Lithium Americas (LAC) Set to Announce Earnings on Monday

Lithium Americas (NYSE:LAC) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 13th. Analysts expect Lithium Americas to post earnings of ($0.04) per share for the quarter.

Lithium Americas (NYSE:LAC) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). On average, analysts expect Lithium Americas to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lithium Americas Price Performance

NYSE:LAC opened at $4.49 on Monday. The business’s 50-day moving average price is $5.80 and its 200 day moving average price is $5.89. Lithium Americas has a 52-week low of $3.81 and a 52-week high of $12.38.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LAC. Evercore ISI lowered their price objective on shares of Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. HSBC cut their price objective on Lithium Americas from $6.50 to $5.10 and set a “hold” rating for the company in a research report on Friday, April 19th. Scotiabank lowered Lithium Americas from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $15.00 to $7.00 in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. increased their price target on Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lithium Americas currently has an average rating of “Moderate Buy” and a consensus price target of $12.18.

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.