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.

Recommended Story: What is a Market Correction?

Get a free copy of the Zacks research report on Lithium Americas (LAC)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with's FREE daily email newsletter.