What is Scotiabank’s Estimate for TSE:LAC FY2024 Earnings?

Lithium Americas Corp. (TSE:LAC) – Analysts at Scotiabank issued their FY2024 EPS estimates for shares of Lithium Americas in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst B. Isaacson anticipates that the company will earn ($0.10) per share for the year. The consensus estimate for Lithium Americas’ current full-year earnings is $1.38 per share. Scotiabank also issued estimates for Lithium Americas’ FY2025 earnings at ($0.01) EPS and FY2026 earnings at ($0.14) EPS.

A number of other analysts have also issued reports on LAC. National Bank Financial upgraded shares of Lithium Americas from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. National Bankshares boosted their target price on shares of Lithium Americas from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$7.50.

Lithium Americas Stock Performance

Shares of LAC opened at C$4.68 on Monday. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of -29.25 and a beta of 1.58. The company has a quick ratio of 52.06, a current ratio of 20.15 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is C$5.00 and its two-hundred day moving average is C$4.18. Lithium Americas has a 52-week low of C$2.87 and a 52-week high of C$10.59.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Tuesday, November 5th. The company reported C($0.02) EPS for the quarter, topping the consensus estimate of C($0.03) by C$0.01.

Insiders Place Their Bets

In related news, Director Alun Robert Doyle bought 10,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of C$4.47 per share, with a total value of C$44,748.00. 7.40% of the stock is owned by corporate insiders.

About Lithium Americas

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.