What is B. Riley’s Forecast for TSE:LAC FY2024 Earnings?

Lithium Americas Corp. (TSE:LAC) – Stock analysts at B. Riley lowered their FY2024 earnings per share estimates for shares of Lithium Americas in a report released on Tuesday, November 12th. B. Riley analyst M. Key now anticipates that the company will earn ($0.18) per share for the year, down from their previous forecast of ($0.16). The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. B. Riley also issued estimates for Lithium Americas’ Q4 2024 earnings at ($0.03) EPS and FY2025 earnings at ($0.50) EPS.

Other research analysts also recently issued reports about the company. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Piper Sandler downgraded Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. National Bank Financial raised Lithium Americas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, National Bankshares upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$5.75 to C$7.25 in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.38.

Lithium Americas Price Performance

TSE LAC opened at C$5.93 on Thursday. Lithium Americas has a fifty-two week low of C$2.87 and a fifty-two week high of C$10.75. The stock’s 50-day moving average is C$4.17 and its two-hundred day moving average is C$4.29. The firm has a market cap of C$1.29 billion, a P/E ratio of -37.06 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 20.15 and a quick ratio of 52.06.

Lithium Americas (TSE:LAC) last posted its earnings results on Tuesday, November 5th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.03) by C$0.01.

Insider Buying and Selling at Lithium Americas

In related news, Senior Officer Oleksandr Shulga sold 24,862 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$3.40, for a total value of C$84,530.80. Insiders own 7.40% of the company’s stock.

Lithium Americas Company Profile

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.