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Lithium Americas Corp. (LAC)
NYSE:LAC
Lithium Americas Corp. (LAC) Stock Price & Analysis
1,227 Followers
LAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.81 - $12.38
Previous Close$4.4
Volume4.53M
Average Volume (3M)4.87M
Market Cap
$737.76M
Enterprise Value$795.69M
Total Cash (Recent Filing)$122.29M
Total Debt (Recent Filing)$202.97M
Price to Earnings (P/E)-48.3
Beta2.02
Next Earnings
Mar 15, 2024EPS Estimate
-$0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.09
Shares Outstanding160,800,000
10 Day Avg. Volume4,429,879
30 Day Avg. Volume4,874,747
Standard Deviation0.26
R-Squared0.35
Alpha-0.15
Financial Highlights & Ratios
Price to Book (P/B)0.85
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-7.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda15.01
Forecast
1Y Price Target
$7.30Price Target Upside60.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Lithium Americas Corp. News
PremiumCompany Announcements
Lithium Americas Positions for Thacker Pass Build
PremiumCompany Announcements
Lithium Americas Advances Thacker Pass Project
PremiumCompany Announcements
Lithium Americas Raises $275M for Thacker Pass
PremiumCompany Announcements
Lithium Americas Secures Major Funding for Thacker PassBulls Say, Bears Say
Bulls Say
Analyst's OutlookWith analysts reiterating a bullish price target of $10/share based on recent financial developments, Lithium Americas Corp. is gaining recognition for its reduced financing risks and clear path forward.
Financial SupportLithium Americas Corp. benefits from a substantial $2.26 billion loan commitment from the DOE, which is poised to cover a significant portion of the project's capital expenses, enhancing the company's financial stability.
PartnershipsA strategic partnership with General Motors, which includes a sizeable investment and exclusive production rights for 10 years, underscores Lithium Americas Corp.'s strong market position and future revenue prospects.
Bears Say
Capital ExpendituresWith a 30% increase in Phase I capital expenditures to $2.93 billion, the company still requires additional funding to fully finance the Thacker Pass project.
Financial PerformancePhase I will now cost approximately $2.93 billion, versus the prior estimate of $2.3 billion, indicating increased capital expenditures.
Funding RequirementsThe company is approximately $240 million short of the required funds to be fully financed for their project.
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Ownership Overview
0.52% Insiders
1.70% Mutual Funds
15.40% Other Institutional Investors
82.37% Public Companies and Individual Investors
LAC FAQ
What was Lithium Americas Corp.’s price range in the past 12 months?
Lithium Americas Corp. lowest stock price was $3.81 and its highest was $12.38 in the past 12 months.
What is Lithium Americas Corp.’s market cap?
Currently, no data Available
When is Lithium Americas Corp.’s upcoming earnings report date?
Lithium Americas Corp.’s upcoming earnings report date is Mar 15, 2024 which is 60 days ago.
How were Lithium Americas Corp.’s earnings last quarter?
Currently, no data Available
Is Lithium Americas Corp. overvalued?
According to Wall Street analysts Lithium Americas Corp.’s price is currently Undervalued.
Does Lithium Americas Corp. pay dividends?
Lithium Americas Corp. does not currently pay dividends.
What is Lithium Americas Corp.’s EPS estimate?
Lithium Americas Corp.’s EPS estimate is -$0.03.
How many shares outstanding does Lithium Americas Corp. have?
Lithium Americas Corp. has 162,165,300 shares outstanding.
What happened to Lithium Americas Corp.’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Lithium Americas Corp.?
Currently, no hedge funds are holding shares in LAC
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Lithium Americas Corp. Stock Smart Score
Outperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$7.30 (60.79% Upside)
$7.30 (60.79% Upside)
Blogger Sentiment
Bullish
LAC Sentiment 100%
Sector Average 70%
Sector Average 70%
Insider Transactions
Bought Shares
Worth $37.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▲ 0.5%
Last 30 Days ▼ 0.2%
Last 30 Days ▼ 0.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Company Description
Lithium Americas Corp.
Lithium Americas is a pure-play North American lithium company focused on advancing the 100%-owned Thacker Pass to production. Thacker Pass is located in northern Nevada and is the largest known Measured and Indicated (M&I) lithium resource in the U.S. The project commenced construction in early 2023 and is expected to employ over 1,000 workers during construction and create 500 permanent jobs during operations over its 40-year mine life. The company trades on both the Toronto Stock Exchange (TSX: LAC) and on the New York Stock Exchange (NYSE: LAC).
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LAC Stock 12 Month Forecast
Average Price Target
$7.30
▲(60.79% Upside)
Technical Analysis
Best Analysts Covering LAC
1 Year
1 Year Success Rate
1/2 ratings generated profit
1 Year Average Return
-26.70%
reiterated a buy rating 3 months ago
Copying Cole McGill's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -26.70% per trade.
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