Wall Street analysts predict that Lithium Americas Corp (NYSE:LAC) will report ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Lithium Americas’ earnings. Lithium Americas reported earnings per share of ($0.06) in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The company is expected to report its next quarterly earnings results on Tuesday, November 10th.

According to Zacks, analysts expect that Lithium Americas will report full year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.53) to ($0.26). For the next financial year, analysts anticipate that the firm will post earnings of ($0.55) per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Lithium Americas.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.01.

A number of brokerages have weighed in on LAC. BMO Capital Markets increased their price target on Lithium Americas from $4.40 to $5.00 and gave the stock a “market perform” rating in a report on Thursday, June 25th. Zacks Investment Research cut Lithium Americas from a “hold” rating to a “sell” rating in a research note on Friday, September 11th. National Bank Financial lifted their target price on Lithium Americas from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, August 18th. Finally, ValuEngine cut Lithium Americas from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd.

Several hedge funds and other institutional investors have recently made changes to their positions in LAC. UBS Group AG grew its stake in shares of Lithium Americas by 172.9% in the 2nd quarter. UBS Group AG now owns 5,457 shares of the company’s stock valued at $28,000 after buying an additional 3,457 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Lithium Americas in the second quarter worth approximately $53,000. Raymond James & Associates acquired a new stake in Lithium Americas in the first quarter valued at approximately $30,000. AE Wealth Management LLC bought a new stake in shares of Lithium Americas during the first quarter valued at approximately $36,000. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Lithium Americas during the first quarter worth approximately $47,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

NYSE LAC traded up $0.26 during mid-day trading on Friday, reaching $9.05. 122,249 shares of the stock were exchanged, compared to its average volume of 798,621. The stock has a market cap of $798.90 million, a P/E ratio of 20.84 and a beta of 1.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 4.09 and a quick ratio of 4.05. Lithium Americas has a one year low of $1.92 and a one year high of $9.19. The stock has a 50 day simple moving average of $7.21 and a 200-day simple moving average of $4.72.

About Lithium Americas

Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It primarily holds interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and owns a 100% interest in the Thacker Pass lithium project located in Nevada. The company also manufactures and sells organoclay products that are used in complex oil and gas drilling and other applications.

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