During the recent session, Lithium Americas Corp (NewCo) (NYSE:LAC)’s traded shares were 0.76 million, with the beta value of the company hitting 0.67. At the last check today, the stock’s price was $2.74, reflecting an intraday loss of -4.36% or -$0.13. The 52-week high for the LAC share is $7.71, that puts it down -181.39 from that peak though still a striking 26.28% gain since the share price plummeted to a 52-week low of $2.02. The company’s market capitalization is $599.45M, and the average intraday trading volume over the past 10 days was 3.45 million shares, and the average trade volume was 4.63 million shares over the past three months.
Lithium Americas Corp (NewCo) (LAC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.92. LAC has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Lithium Americas Corp (NewCo) (LAC) registered a -4.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.36% in intraday trading to $2.74, hitting a weekly high. The stock’s 5-day price performance is -8.80%, and it has moved by 0.18% in 30 days. Based on these gigs, the overall price performance for the year is -58.53%. The short interest in Lithium Americas Corp (NewCo) (NYSE:LAC) is 33.97 million shares and it means that shorts have 7.06 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.75, which implies an increase of 42.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $8.5 respectively. As a result, LAC is trading at a discount of -210.22% off the target high and 8.76% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.15%. While earnings are projected to return 29.63% in 2025, the next five years will return 10.84% per annum.
LAC Dividends
Lithium Americas Corp (NewCo) is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
Lithium Americas Corp (NewCo) insiders own 14.38% of total outstanding shares while institutional holders control 17.10%, with the float percentage being 19.97%. GENERAL MOTORS HOLDINGS LLC is the largest shareholder of the company, while 285.0 institutions own stock in it. As of 2024-06-30, the company held over 15.0 million shares (or 7.3373% of all shares), a total value of $40.21 million in shares.
The next largest institutional holding, with 15.0 million shares, is of GENERAL MOTORS HOLDINGS LLC’s that is approximately 7.0466% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $48.01 million.
Also, the Mutual Funds coming in first place with the largest holdings of Lithium Americas Corp (NewCo) (LAC) shares are VanEck ETF Trust-VanEck Rare Earth and Strategic Metals ETF and GLOBAL X FUNDS-Global X Lithium & Battery Tech ETF. Data provided on Feb 28, 2025 indicates that VanEck ETF Trust-VanEck Rare Earth and Strategic Metals ETF owns about 2.74 shares. This amounts to just over 1.25 percent of the company’s overall shares, with a $7.48 million market value. The same data shows that the other fund manager holds slightly less at 1.55, or about 0.71% of the stock, which is worth about $4.23 million.
