Industrial Alliance Securities analyst Puneet Singh reiterated a Buy rating on Lithium Americas (NYSE:LAC) on Thursday, setting a price target of C$55, which is approximately 16.03% above the present share price of $37.49.
Singh expects Lithium Americas to post earnings per share (EPS) of -$0.14 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Lithium Americas, with an average price target of $33.14.
The analysts price targets range from a high of $43.5 to a low of $19.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $0 and a net profit of -$15.61 million. The company's market cap is $4.51 billion.
According to TipRanks.com, Industrial Alliance Securities analyst Puneet Singh is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 27.0% and a 71.43% 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.