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Lithium Americas Corp. (LAC)
NYSE:LAC
Lithium Americas Corp. (LAC) Stock Price & Analysis
1,155 Followers
LAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.81 - $12.38
Previous Close$4.62
Volume5.36M
Average Volume (3M)4.50M
Market Cap
$760.93M
Enterprise Value$831.02M
Total Cash (Recent Filing)$122.29M
Total Debt (Recent Filing)$202.97M
Price to Earnings (P/E)-50.7
Beta2.06
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. Volume8,016,605
30 Day Avg. Volume4,501,670
Standard Deviation0.23
R-Squared0.06
Alpha-0.07
Financial Highlights & Ratios
Price to Book (P/B)0.87
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)-8.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit10.00T>
Enterprise Value/Ebitda15.67
Forecast
1Y Price Target
$8.64Price Target Upside87.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Lithium Americas Corp. News
PremiumCompany Announcements
Lithium Americas Raises $275M for Thacker Pass
PremiumCompany Announcements
Lithium Americas Secures Major Funding for Thacker Pass
PremiumCompany Announcements
Lithium Americas Seals Major Funding for Thacker Pass
PremiumCompany Announcements
Lithium Americas Launches Major Share Offering
Bulls Say, Bears Say
Bulls Say
Financial HealthLithium Americas Corp. reported a stronger liquidity position with approximately 17% more cash on hand than anticipated, enhancing the company's financial stability.
Government SupportThe Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program's conditional commitment of $2.26 billion to Lithium Americas Corp. demonstrates significant government support and confidence in the company's lithium project.
Strategic PartnershipsGeneral Motors has announced a strategic partnership with Lithium Americas Corp., with investments and rights to 100% of Thacker Pass production for the first decade.
Bears Say
Additional FinancingThe company is approximately $266 million short of the updated capital expenditures and interest accrual, necessitating additional fundraising.
Financial PerformancePhase I will now cost approximately $2.93 billion, versus the prior estimate of around $2.3 billion, indicating increased capital expenditures.
Funding GapThe company still requires approximately $240 million to be fully funded as Phase I capital expenditures increased by about 30% to $2.93 billion.
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Ownership Overview
0.52% Insiders
1.70% Mutual Funds
4.76% Other Institutional Investors
93.02% 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 47 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:
$8.64 (87.01% Upside)
$8.64 (87.01% Upside)
Blogger Sentiment
Bullish
LAC Sentiment 100%
Sector Average 72%
Sector Average 72%
Insider Transactions
Bought Shares
Worth $40.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 3.6%
Last 30 Days ▲ 3.6%
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 Months Forecast
Average Price Target
$8.64
▲(87.01% Upside)
Technical Analysis
Best Analysts Covering LAC
1 Year
1 Year Success Rate
1/2 ratings generated profit
1 Year Average Return
-25.70%
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 -25.70% per trade.
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