Yahoo Finance Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: What You Should Know
Lithium Americas Corp. (LAC) closed the most recent trading day at $19.04, moving -1.35% from the previous trading session. This change lagged the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Prior to today's trading, shares of the metals and mining company had lost 6.27% over the past month. This has lagged the Basic Materials sector's gain of 4.53% and the S&P 500's gain of 4.59% in that time.
Lithium Americas Corp. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Lithium Americas Corp. to post earnings of -$0.13 per share. This would mark year-over-year growth of 62.86%.
Investors might also notice recent changes to analyst estimates for Lithium Americas Corp.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 26.93% lower. Lithium Americas Corp. is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Lithium Americas Corp. has a Forward P/E ratio of 26.71 right now. This valuation marks a premium compared to its industry's average Forward P/E of 14.42.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Lithium Americas Corp. (LAC) : Free Stock Analysis Report
