Scotiabank Forecasts Higher Earnings for Lithium Americas

Lithium Americas Corp. (NYSE:LAC) – Equities research analysts at Scotiabank increased their FY2025 EPS estimates for Lithium Americas in a research note issued to investors on Tuesday, May 20th. Scotiabank analyst B. Isaacson now anticipates that the company will post earnings per share of ($0.18) for the year, up from their previous estimate of ($0.26). Scotiabank has a “Sector Perform” rating and a $2.75 price target on the stock. The consensus estimate for Lithium Americas’ current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for Lithium Americas’ FY2026 earnings at ($0.18) EPS.

Several other equities research analysts have also recently issued reports on LAC. Evercore ISI assumed coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an “outperform” rating and a $4.50 target price on the stock. Wedbush reiterated a “neutral” rating and issued a $5.00 price target on shares of Lithium Americas in a research report on Friday, May 16th. National Bank Financial downgraded shares of Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th. Finally, National Bankshares downgraded shares of Lithium Americas from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Lithium Americas has an average rating of “Hold” and a consensus price target of $3.88.

Lithium Americas Trading Up 0.4%

Shares of LAC stock opened at $2.84 on Friday. Lithium Americas has a 12-month low of $2.02 and a 12-month high of $5.20. The firm’s 50 day moving average is $2.83 and its 200 day moving average is $3.12. The stock has a market capitalization of $621.07 million, a P/E ratio of -23.67 and a beta of 0.89.

Lithium Americas (NYSE:LAC) last issued its earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01).

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Cacti Asset Management LLC bought a new stake in shares of Lithium Americas during the 1st quarter valued at $27,000. Members Wealth LLC bought a new stake in shares of Lithium Americas during the 1st quarter valued at $27,000. Ping Capital Management Inc. bought a new stake in shares of Lithium Americas during the 1st quarter valued at $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Lithium Americas during the 1st quarter valued at $27,000. Finally, Sage Investment Counsel LLC bought a new stake in shares of Lithium Americas during the 4th quarter valued at $30,000.

Lithium Americas Company Profile

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.