National Bank analyst Rupert Merer maintained a Buy rating on Lithium Americas (NYSE:LAC) Corp on Friday, setting a price target of C$20, which is approximately 17.05% below the present share price of $18.99.
Merer expects Lithium Americas Corp to post earnings per share (EPS) of -$0.07 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Lithium Americas, with an average price target of $14.05.
The analysts price targets range from a high of $16 to a low of $10.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $0 and a net profit of -$5.87 million. The company's market cap is $2 billion.
According to TipRanks.com, National Bank analyst Rupert Merer is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 25.2% and a 75.47% 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.