Lithium Americas (NYSE:LAC) Posts Quarterly Earnings Results

Lithium Americas (NYSE:LAC) announced its quarterly earnings results on Friday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09), Zacks reports.

Lithium Americas Stock Performance

LAC stock opened at $2.72 on Friday. The stock’s 50 day moving average price is $2.96 and its 200 day moving average price is $3.18. The firm has a market cap of $599.16 million, a P/E ratio of -22.63 and a beta of 1.77. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71.

Analyst Upgrades and Downgrades

LAC has been the topic of several recent analyst reports. Piper Sandler lowered their target price on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Cormark upgraded Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Finally, Wedbush assumed coverage on Lithium Americas in a report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Lithium Americas has a consensus rating of “Hold” and a consensus target price of $4.80.

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.