Tuesday, October 22, 2024
HomeFinancial ReportsEarningsNational Bank forecasts TSE:LAC FY2025 earning

National Bank forecasts TSE:LAC FY2025 earning

Lithium Americas Corp. (TSE:LAC) has seen a decrease in estimated earnings per share (EPS) for FY2025, now projected at ($0.29) by National Bank Financial, down from ($0.01). The firm maintains a “Strong-Buy” rating. The consensus for current annual earnings is $1.38 per share, with future projections of ($0.33) in FY2026 and ($0.44) in FY2027.

The company reported C($0.07) EPS on August 13, missing the expected C($0.03) by C($0.04).

Further analysis from other firms includes National Bankshares upgrading the stock from “sector perform” to “outperform,” raising its target price to C$7.25. Piper Sandler downgraded it from “strong-buy” to “hold.” Overall, the stock has a consensus “Buy” rating and an average target price of C$9.08.

Lithium Americas Stock Performance

The stock opened at C$4.32 and has a market cap of C$941.76 million, with a P/E ratio of -27.00. Over the past year, it has traded between C$2.87 and C$11.06. Current financial ratios include a debt-to-equity of 0.69 and a quick ratio of 52.06, with a 50-day average of C$3.47.

Insider Activity

Senior Officer Oleksandr Shulga sold 24,862 shares at C$3.40 each on September 13, totaling C$84,530.80. Insiders own 7.40% of the company.

About Lithium Americas

Lithium Americas Corp. focuses on lithium exploration in the U.S. and Canada, particularly the Thacker Pass project in Nevada.

Resources

Earnings History and Estimates for Lithium Americas (TSE:LAC)

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