Industrial Alliance Securities analyst Puneet Singh maintained a Buy rating on Lithium Americas (NYSE:LAC) on Friday, setting a price target of C$32, which is approximately 18.81% above the present share price of $21.56.
Singh expects Lithium Americas to post earnings per share (EPS) of -$0.16 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Lithium Americas, with an average price target of $24.61.
The analysts price targets range from a high of $28.02 to a low of $19.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $0 and a net profit of -$12.45 million. The company's market cap is $2.59 billion.
According to TipRanks.com, Industrial Alliance Securities analyst Puneet Singh is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.3% and a 0.00% success rate.
Lithium Americas Corp. is a resource company, which engages in advancing lithium development projects. It operates through the following business segments: Organoclay, Lithium Nevada, and Cauchari-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.