Lithium Americas Corp. (TSE:LAC – Free Report) received a downgrade from National Bank Financial for its FY2025 earnings estimate. Analyst M. Sidibe now predicts a loss of ($0.29) per share, down from a previous estimate of ($0.01). Despite this, the stock holds a “Strong-Buy” rating. The overall forecast for the company’s current full-year earnings is $1.38 per share. Estimates for FY2026 and FY2027 earnings are also lowered to ($0.33) and ($0.44) per share, respectively.
Lithium Americas reported quarterly earnings on August 13, with earnings of C($0.07) per share, missing the consensus of C($0.03) by C($0.04).
Other analysts have weighed in too: National Bankshares upgraded the stock to “outperform” and increased the price target from C$5.75 to C$7.25, while Piper Sandler downgraded it from “strong-buy” to “hold.” Current ratings show a mix of holds, buys, and strong buys, with an average target price of C$9.08.
Check Out Our Latest Stock Report on Lithium Americas
Lithium Americas Trading Down 3.4%
TSE:LAC opened at C$4.32 on Monday. The company has a market cap of C$941.76 million, a P/E ratio of -27.00, and a beta of 1.58. The stock’s 1-year range is between C$2.87 and C$11.06. It has a debt-to-equity ratio of 0.69.
Insider Transactions
Senior Officer Oleksandr Shulga sold 24,862 shares on September 13 at an average price of C$3.40 for a total of C$84,530.80. Insiders own 7.40% of the company.
Lithium Americas Company Profile
Lithium Americas is focused on exploring and developing lithium properties in the U.S. and Canada, notably the Thacker Pass project in Nevada.
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