Lithium Americas Corp. (NYSE:LAC – Free Report) – Scotiabank upped their FY2025 earnings estimates for Lithium Americas in a note issued to investors on Monday, August 18th. Scotiabank analyst B. Isaacson now forecasts that the company will earn ($0.17) per share for the year, up from their prior estimate of ($0.18). 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 ($0.11) EPS.
Lithium Americas (NYSE:LAC – Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02).
Read Our Latest Stock Analysis on Lithium Americas
Lithium Americas Trading Down 2.7%
NYSE LAC opened at $2.7350 on Wednesday. The company’s 50-day moving average price is $2.80 and its 200-day moving average price is $2.83. The company has a current ratio of 9.88, a quick ratio of 10.35 and a debt-to-equity ratio of 0.33. The stock has a market cap of $598.69 million, a PE ratio of -11.89 and a beta of 0.68. Lithium Americas has a 12 month low of $2.11 and a 12 month high of $5.20.
Institutional Trading of Lithium Americas
Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Lithium Americas during the fourth quarter valued at about $130,000. Ameriprise Financial Inc. lifted its position in shares of Lithium Americas by 4.4% during the fourth quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company’s stock valued at $309,000 after buying an additional 4,379 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Lithium Americas during the first quarter valued at about $37,000. Alps Advisors Inc. lifted its position in shares of Lithium Americas by 94.2% during the first quarter. Alps Advisors Inc. now owns 277,782 shares of the company’s stock valued at $753,000 after buying an additional 134,735 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Lithium Americas by 28.1% during the fourth quarter. Barclays PLC now owns 147,633 shares of the company’s stock valued at $438,000 after buying an additional 32,425 shares during the last quarter.
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.
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