FY2025 EPS Estimates for Lithium Ionic Boosted by Desjardins

Lithium Ionic Corp. (CVE:LTH) – Stock analysts at Desjardins lifted their FY2025 EPS estimates for Lithium Ionic in a research note issued to investors on Wednesday, September 24th. Desjardins analyst F. Tremblay now forecasts that the company will earn ($0.06) per share for the year, up from their previous forecast of ($0.16). Desjardins also issued estimates for Lithium Ionic’s FY2026 earnings at ($0.06) EPS.

A number of other analysts have also recently weighed in on LTH. Cormark raised shares of Lithium Ionic to a “moderate buy” rating in a report on Thursday. Canaccord Genuity Group increased their target price on shares of Lithium Ionic from C$1.80 to C$2.15 and gave the stock a “speculative buy” rating in a report on Thursday, September 18th. Finally, BMO Capital Markets increased their target price on shares of Lithium Ionic from C$1.25 to C$1.50 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Lithium Ionic presently has an average rating of “Buy” and an average target price of C$1.83.

Lithium Ionic Price Performance

LTH opened at C$0.83 on Monday. The stock has a market capitalization of C$131.62 million, a PE ratio of -11.86 and a beta of 0.83. Lithium Ionic has a 12-month low of C$0.50 and a 12-month high of C$1.15. The firm’s fifty day moving average price is C$0.74 and its 200 day moving average price is C$0.71.