Lithium Americas (NYSE:LAC) Issues Earnings Results

Lithium Americas (NYSE:LAC) released its quarterly earnings results on Friday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09), Zacks reports.

Lithium Americas Price Performance

Lithium Americas stock traded down $0.16 during trading hours on Friday, hitting $2.72. 4,197,767 shares of the stock traded hands, compared to its average volume of 5,658,574. Lithium Americas has a 1 year low of $2.02 and a 1 year high of $7.71. The firm’s 50 day moving average price is $2.96 and its 200-day moving average price is $3.17. The stock has a market capitalization of $599.16 million, a price-to-earnings ratio of -22.63 and a beta of 1.77.

Analyst Ratings Changes

LAC has been the topic of several recent analyst reports. Wedbush assumed coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a “neutral” rating and a $5.00 target price on the stock. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, Piper Sandler reduced their target price on shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.