Lithium Americas (LAC) Projected to Post Quarterly Earnings on Friday

Lithium Americas (NYSE:LAC) will likely be releasing its earnings data before the market opens on Friday, March 21st. Analysts expect Lithium Americas to post earnings of ($0.02) per share for the quarter.

Lithium Americas Price Performance

Shares of NYSE:LAC opened at $3.04 on Thursday. The company’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $3.15. The stock has a market capitalization of $669.78 million, a price-to-earnings ratio of -25.29 and a beta of 1.77. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71.

Analysts Set New Price Targets

A number of research analysts have issued reports on LAC shares. Wedbush initiated coverage on Lithium Americas in a research report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 target price on the stock. Cormark raised Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, Piper Sandler cut their target price on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.80.

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.