Lithium Americas Corp. Expected to Post FY2025 Earnings of $0.30 Per Share (TSE:LAC)

Lithium Americas Corp. (TSE:LAC) – Investment analysts at Scotiabank cut their FY2025 EPS estimates for Lithium Americas in a report issued on Monday, April 22nd. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings per share of $0.30 for the year, down from their prior estimate of $0.38. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share.

Lithium Americas (TSE:LAC) last issued its earnings results on Friday, March 15th. The company reported C($0.11) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.07).

Separately, JPMorgan Chase & Co. cut their price objective on shares of Lithium Americas from C$10.00 to C$7.50 and set a “neutral” rating on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lithium Americas currently has an average rating of “Hold” and a consensus price target of C$22.75.

Lithium Americas Stock Performance

Shares of LAC stock opened at C$6.41 on Tuesday. The firm has a market cap of C$1.04 billion, a price-to-earnings ratio of -213.33 and a beta of 1.58. The company’s 50 day moving average is C$7.84 and its 200 day moving average is C$8.45. The company has a quick ratio of 52.06, a current ratio of 8.38 and a debt-to-equity ratio of 0.97. Lithium Americas has a 52-week low of C$5.17 and a 52-week high of C$31.34.

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.