National Bank Financial Weighs in on Lithium Americas Corp’s FY2017 Earnings (LAC)
Lithium Americas Corp (TSE:LAC) – National Bank Financial lowered their FY2017 EPS estimates for shares of Lithium Americas Corp in a note issued to investors on Tuesday. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of ($0.08) for the year, down from their previous forecast of ($0.07). National Bank Financial has a “Outperform” rating and a $2.30 price target on the stock. National Bank Financial also issued estimates for Lithium Americas Corp’s FY2019 earnings at ($0.06) EPS.
Separately, Canaccord Genuity cut shares of Lithium Americas Corp from a “speculative buy” rating to a “hold” rating and increased their target price for the stock from C$1.50 to C$1.90 in a report on Wednesday, October 11th.
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Lithium Americas Corp (LAC) opened at 2.09 on Friday. The company has a 50-day moving average of $1.68 and a 200 day moving average of $1.16. Lithium Americas Corp has a one year low of $0.52 and a one year high of $2.31. The company’s market cap is $913.79 million.
In other Lithium Americas Corp news, Director Franco Mignacco sold 25,000 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of C$1.70, for a total value of C$42,500.00. Also, insider Eduard Epshtein sold 50,356 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of C$1.05, for a total transaction of C$52,873.80. In the last quarter, insiders acquired 128,920 shares of company stock valued at $157,228 and sold 246,478 shares valued at $95,374.
Lithium Americas Corp Company Profile
Lithium Americas Corp., formerly Western Lithium USA Corp., is a resource company. The Company is focused on development of two lithium development projects: the Cauchari-Olaroz project, which is located in Jujuy province of Argentina and the Lithium Nevada project, which is located in north-western Nevada, the United States.
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