Lithium Americas Corp. (TSE:LAC) reported a drop in projected earnings for FY2025. National Bank Financial downgraded its estimate from ($0.01) to ($0.29) per share. They maintain a “Strong-Buy” rating, while the consensus estimate for the year stands at $1.38 per share. Future forecasts include ($0.33) EPS for FY2026 and ($0.44) EPS for FY2027.
The company last reported earnings on August 13, showing C($0.07) EPS, missing the C($0.03) expected.
In recent analyst updates, National Bankshares upgraded Lithium Americas from “sector perform” to “outperform,” raising the target price from C$5.75 to C$7.25. Piper Sandler changed their rating from “strong-buy” to “hold.” Overall, the stock is rated as “Buy” with a target price of C$9.08.
Lithium Americas Trading Update
TSE:LAC opened at C$4.32, with a market cap of C$941.76 million. The stock has a P/E ratio of -27.00 and has ranged between C$2.87 and C$11.06 over the past year.
Insider Trading
Oleksandr Shulga, a senior officer, sold 24,862 shares at C$3.40 each on September 13. Insiders own about 7.4% of the company.
Lithium Americas Overview
Lithium Americas Corp. focuses on lithium exploration in the U.S. and Canada, holding 100% of the Thacker Pass project in Nevada.
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