Lithium Americas Corp. (LAC) Stock Sinks As Market Gains: What You Should Know

·2 min read

Lithium Americas Corp. (LAC) closed the most recent trading day at $19.63, moving -0.96% from the previous trading session. This change lagged the S&P 500's daily gain of 0.36%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, lost 0.1%.

Prior to today's trading, shares of the metals and mining company had lost 22.03% over the past month. This has was narrower than the Basic Materials sector's loss of 25.75% and lagged the S&P 500's loss of 6.59% in that time.

Investors will be hoping for strength from Lithium Americas Corp. as it approaches its next earnings release. On that day, Lithium Americas Corp. is projected to report earnings of -$0.14 per share, which would represent year-over-year growth of 12.5%.

Investors might also notice recent changes to analyst estimates for Lithium Americas Corp.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 250% lower. Lithium Americas Corp. currently has a Zacks Rank of #3 (Hold).

The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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