With over 1.37 million Lithium Americas Corp. (LAC) shares trading Tuesday and a closing price of $22.45 on the day, the dollar volume was approximately $30.73 million. The shares have shown a negative half year performance of -10.34% and its price on 05/23/23 lost nearly -1.88%. Currently, there are 142.80M common shares owned by the public and among those 112.87M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for LAC have a consensus price objective of $36.35. The analysts have set the share’s price value over the next 12 months at a high of $42.50 and a low of $26.00. The average price target is 37.93% above its recent price level and an upside to the estimated low will see the stock gain 13.65% over that period. But an upside of 47.18% will see the stock hit the forecast high price target while median target price for the stock is $36.50.
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The top 3 mutual fund holders in Lithium Americas Corp. are Global X Lithium & Battery Tech E, Vanguard Total International Stoc, and VanEck Rare Earth/Strategic Metal. Global X Lithium & Battery Tech E owns 1.41 million shares of the company’s stock, all valued at over $28.14 million. Vanguard Total International Stoc sold 9006.0 shares to see its total holdings shrink to 1.23 million shares valued at over $24.55 million and representing 0.77% of the shares outstanding. VanEck Rare Earth/Strategic Metal now owns shares totaling to 0.76% of the shares outstanding.
Shares of Lithium Americas Corp. (NYSE: LAC) opened at $22.48, down -$0.4 from a prior closing price of $22.88. However, the script later moved the day high at 23.04, down -1.88%. The company’s stock has a 5-day price change of 1.17% and -1.54% over the past three months. LAC shares are trading 18.47% year to date (YTD), with the 12-month market performance down to -8.74% lower. It has a 12-month low price of $17.58 and touched a high of $33.10 over the same period. LAC has an average intraday trading volume of 1.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.90%, 9.22%, and -6.00% respectively.
Institutional ownership of Lithium Americas Corp. (NYSE: LAC) shares accounts for 24.10% of the company’s 142.80M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $3.69B and a beta (3y monthly) value of 1.44. The earnings-per-share (ttm) stands at -$0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.89% over the week and 3.83% over the month.
Analysts forecast that Lithium Americas Corp. (LAC) will achieve an EPS of -$0.12 for the current quarter, $0.26 for the next quarter and $1.78 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.32 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -115.30%, and 306.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Lithium Americas Corp. (LAC) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 0 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
