J.P. Morgan analyst Tyler Langton maintained a Buy rating on Lithium Americas (NYSE:LAC) on Wednesday, setting a price target of C$53, which is approximately 34.77% above the present share price of $30.6.
Langton 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 $36.29.
The analysts price targets range from a high of $44 to a low of $23.34.
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 $3.68 billion.
According to TipRanks.com, J.P. Morgan analyst Tyler Langton is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.4% and a 64.81% 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.