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Lithium Americas Corp. (LAC)

Basic Materials Out of favour

Lithium Americas is a mining company focused on developing projects to extract the lithium needed for electric vehicle batteries.

$2.91

Is Lithium Americas Corp. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Direct exposure to the growing electric vehicle battery market. Worth weighing: No current revenue or profit.

No rating · no target price · nothing for sale here
Price+36.6%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range+21% past year
$2.91
Low $2.66High $10.52
Where today's price sits versus its past year - context, not a signal.

What does Lithium Americas Corp. do?

This company is essentially a project developer, working to get lithium out of the ground in North America to supply the growing demand for battery materials. Because they are still in the construction and development phase, they aren't yet selling a finished product, which is why their current profit margins are zero. Their progress in getting the major mining sites fully operational and ready for commercial production is the thing to follow.

On our factor screen it looks strongest on value and quality, and weakest on momentum.

Quick checks
What's strong
  • Value screens high
What to watch
  • Quality screens low
  • Momentum screens low
  • Income screens low

Does Lithium Americas Corp. pay a dividend?

No - Lithium Americas Corp. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

Does Lithium Americas Corp. have more cash or more debt?

It holds about $758.51M in cash against about $878.40M of debt - so it has net debt of about $119.88M. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.

From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.

What do Lithium Americas Corp.'s numbers mean?

P/B
0.84
This compares the company's market value to the value of its physical assets, suggesting the market currently prices it at less than the book value of its holdings.
Lower than most of the 34 Basic Materials shares we cover
Beta
3.4
This indicates the share price tends to be much more volatile and prone to wilder swings than the wider stock market.
Market Cap
$1.1B
This is the total market value of all the company's shares, placing it in the 'small-cap' category where businesses are often more sensitive to news.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into Lithium Americas Corp.
$1,366+37%

Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Lithium Americas Corp. actually fallen?

−73%

Over the last 2 years of daily prices, Lithium Americas Corp. fell as much as −73% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2024-54%
2025+47%
2026 so far-25%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$1.18B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
10.59M
Day range: The lowest and highest price the shares traded at during the latest day.
$2.91 – $3.04
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$2.66 – $10.52
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
3.45

Does the share price tell you if it's cheap or expensive?

One share costs$2.91
Number of shares405 million
So the whole company is worth$1.18bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.

Who owns Lithium Americas Corp.?

Big institutions 32%Company insiders 7%Public & smaller investors 61%

About 32% of Lithium Americas Corp., or about 32 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 7%. The rest, roughly 61%, is held by the public and smaller investors.

What this does and doesn't tell you

This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.

How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 3.45
Calm
Wild
Bumpier than the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +14% past week · ▲ +21% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does Lithium Americas Corp. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$24.69M$49.37M$74.06M$98.75MQ1 25Q2 25Q3 25Q4 25Q1 26
Gross margin
0.0%
Net margin
0.0%
Return on equity
-5.0%

When does Lithium Americas Corp. report earnings, and how did recent quarters go?

Lithium Americas Corp. is next scheduled to report on about 2026-11-13 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

Lithium Americas Corp.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-05-14$-0.04$-0.03Beat +40%
2026-03-19$-0.05$-0.25Missed -359%
2025-11-13$-0.05$-0.03Beat +34%
2025-08-14$-0.05$-0.06Missed -20%
2025-05-15$-0.04$-0.02Beat +49%
2025-03-28$-0.03$-0.04Missed -18%

Across the last 6 quarters here, Lithium Americas Corp. came in ahead of what analysts expected 3 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for Lithium Americas Corp.?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+15% to +25%Positive regulatory updates on mining permits
Base
-5% to +5%Steady progress on construction milestones
Bear
-15% to -30%Delays in project development or funding hurdles

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Full-scale production and high lithium prices

The bear case

Technological shifts making their lithium less desirable

What are the pros and cons of Lithium Americas Corp.?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • Direct exposure to the growing electric vehicle battery market
  • Significant asset base in North America
  • Potential for high growth if projects reach full production
The catch3
  • No current revenue or profit
  • High share price volatility
  • Heavy reliance on future project success
Key risks3
  • Regulatory and environmental permitting delays
  • Fluctuating global lithium prices
  • Need for additional capital to fund construction
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • The company secures a major long-term supply contract with a car manufacturer
  • A permanent halt to mining permits at their primary site

Common questions about Lithium Americas Corp.

Does Lithium Americas Corp. pay a dividend?

No - Lithium Americas Corp. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.

When does Lithium Americas Corp. report earnings next?

Lithium Americas Corp. is next scheduled to report results on about 2026-11-13. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

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Confidence: medium · data: USD · flags: pe, ps, revenue_growth, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.