Research Analysts Offer Predictions for Lithium Americas Corp’s Q1 2019 Earnings (TSE:LAC)

Lithium Americas Corp (TSE:LAC) – Research analysts at National Bank Financial issued their Q1 2019 earnings estimates for Lithium Americas in a report released on Monday, April 1st, according to Zacks Investment Research. National Bank Financial analyst R. Merer forecasts that the company will post earnings per share of ($0.07) for the quarter. National Bank Financial currently has a “Outperform” rating and a $8.50 price target on the stock. National Bank Financial also issued estimates for Lithium Americas’ Q2 2019 earnings at ($0.07) EPS, Q3 2019 earnings at ($0.08) EPS, Q4 2019 earnings at ($0.09) EPS, FY2019 earnings at ($0.32) EPS, FY2020 earnings at ($0.52) EPS and FY2021 earnings at ($0.23) EPS.

Separately, Eight Capital dropped their price objective on Lithium Americas from C$13.70 to C$13.20 in a report on Tuesday, February 26th.

TSE:LAC traded up C$0.24 during mid-day trading on Thursday, hitting C$5.24. 297,423 shares of the stock were exchanged, compared to its average volume of 134,696. The stock has a market cap of $443.35 million and a P/E ratio of -16.43. The company has a current ratio of 13.97, a quick ratio of 12.93 and a debt-to-equity ratio of 22.56. Lithium Americas has a fifty-two week low of C$3.74 and a fifty-two week high of C$8.85.

Lithium Americas (TSE:LAC) last released its quarterly earnings results on Monday, April 1st. The company reported C($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.10) by C$0.04. The firm had revenue of C$1.95 million for the quarter, compared to analyst estimates of C$1.44 million.

Lithium Americas Company Profile

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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