Lithium Americas (US:LAC) ZACKS·2025-11-25 17:01Core Insights - Lithium Americas Corp. (LAC) is making significant progress in the construction of its Thacker Pass project, supported by long-term purchase agreements for essential equipment and services [1][6] Group 1: Project Development - As of September 30, 2025, LAC has committed approximately $430 million towards the Thacker Pass project, with major equipment and materials expected to arrive in early 2026 [2][6] - The company is sourcing materials from a diverse range of countries including Canada, China, India, the UAE, Turkey, and several EU nations, which helps ensure timely delivery [3][6] - To mitigate potential tariff impacts, LAC has limited its exposure, with about 75% of its total capital project costs related to labor, contractors, and services, which are not directly affected by tariffs [3][6] Group 2: Financial Performance - LAC's shares have increased by 64% year-to-date, outperforming the Zacks Mining - Miscellaneous industry, which grew by 19.4% [4][6] - In comparison, peers BHP Group Limited (BHP) and TMC the metals company Inc. (TMC) have seen share price increases of 8.4% and 376.8%, respectively [4][6] Group 3: Valuation Metrics - LAC is currently trading at a forward price-to-earnings (P/E) ratio of negative 13.24X, compared to the industry average of 15.56X [7] - The P/E ratios for BHP and TMC are 13.41X and negative 17.85X, respectively, indicating LAC's position relative to its peers [7] Group 4: Earnings Estimates - The Zacks Consensus Estimate for LAC's loss per share for 2025 and 2026 has widened by 37 cents and 13 cents, respectively, over the past 30 days [9]