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Lithium Americas Corp. (LAC) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Lithium Americas Corp. (LAC - Free Report) closed at $17.01, marking a -0.7% move from the previous day. This change lagged the S&P 500's 0.27% loss on the day. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, added 0.14%.
Heading into today, shares of the metals and mining company had lost 6.5% over the past month, lagging the Basic Materials sector's gain of 1.04% and the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Lithium Americas Corp. as it approaches its next earnings release. The company is expected to report EPS of -$0.10, up 47.37% from the prior-year quarter.
Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 42.03% higher. Lithium Americas Corp. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Lithium Americas Corp.'s current valuation metrics, including its Forward P/E ratio of 122.36. This valuation marks a premium compared to its industry's average Forward P/E of 10.48.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Lithium Americas Corp. (LAC) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Lithium Americas Corp. (LAC - Free Report) closed at $17.01, marking a -0.7% move from the previous day. This change lagged the S&P 500's 0.27% loss on the day. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, added 0.14%.
Heading into today, shares of the metals and mining company had lost 6.5% over the past month, lagging the Basic Materials sector's gain of 1.04% and the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Lithium Americas Corp. as it approaches its next earnings release. The company is expected to report EPS of -$0.10, up 47.37% from the prior-year quarter.
Any recent changes to analyst estimates for Lithium Americas Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Within the past 30 days, our consensus EPS projection has moved 42.03% higher. Lithium Americas Corp. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Lithium Americas Corp.'s current valuation metrics, including its Forward P/E ratio of 122.36. This valuation marks a premium compared to its industry's average Forward P/E of 10.48.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.