Latest news with #LAC
Yahoo
3 days ago
- Business
- Yahoo
Lithium Americas Corp. (LAC) Advances While Market Declines: Some Information for Investors
In the latest trading session, Lithium Americas Corp. (LAC) closed at $2.65, marking a +1.15% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.13%. Shares of the lithium producer have depreciated by 6.76% over the course of the past month, underperforming the Basic Materials sector's gain of 3.05%, and the S&P 500's gain of 0.6%. The upcoming earnings release of Lithium Americas Corp. will be of great interest to investors. The company is forecasted to report an EPS of -$0.04, showcasing a 20% upward movement from the corresponding quarter of the prior year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.18 per share and a revenue of $0 million, indicating changes of +14.29% and 0%, respectively, from the former year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Lithium Americas Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 5.48% fall in the Zacks Consensus EPS estimate. Lithium Americas Corp. is currently sporting a Zacks Rank of #3 (Hold). The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 250 industries. The Zacks Industry Rank is ordered 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. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lithium Americas Corp. (LAC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 登入存取你的投資組合
Yahoo
05-06-2025
- Business
- Yahoo
Lincoln Avenue Communities Breaks Ground on Affordable Housing Development in New Mexico
Governor Michelle Lujan Grisham and other local officials joined LAC to celebrate Santa Fe County's first multi-family and affordable development. SANTA FE, N.M., June 5, 2025 /PRNewswire/ -- Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a groundbreaking ceremony last week at the future site of Cresta Ranch Apartments, a new development that will provide 240 units of affordable housing to lower-income residents in Santa Fe. "LAC is proud to bring high-quality, affordable housing to communities like Santa Fe where the need is especially urgent," said Ben Taylor, LAC vice president and project partner. "Cresta Ranch will deliver on our mission by supporting generations of New Mexico families who may otherwise be priced out of the area." Taylor and LAC were joined at the event by a host of community leaders and local officials including New Mexico Governor Michelle Lujan Grisham, and Santa Fe County Commissioners Hank Hughes and Justin Greene. Cresta Ranch will be the first multi-family and affordable development in Santa Fe County and is comprised of 10 buildings of 24 two- and three-bedroom homes, with each unit featuring a balcony and walk-in closet. The community will offer amenities including a fitness center, yoga studio, community room, playgrounds, on-site leasing offices, mail and package room, and common area for laundry. Units will be leased to individuals and families earning up to 60% of the Santa Fe County Area Median Income. The development is financed with a $4 million New Mexico Housing Trust Fund loan and federal Low Income Housing Tax Credits from Housing New Mexico, along with a $35 million conduit tax-exempt bond issuance through Santa Fe County and a $1.32 million of gap funding through their newly created Developer's Assistance Program (DAP). Other financing partners included JP Morgan Chase, National Equity Fund, and Barings. Construction on the development began in January and the first units are expected to begin leasing in Summer 2026. About LAC: Lincoln Avenue Communities (LAC) is one of the nation's fastest-growing developers, investors, and operators of affordable and workforce housing, providing high-quality, sustainable homes for lower- and moderate-income individuals, seniors, and families nationwide. LAC is a mission-driven organization with a presence in 28 states and a portfolio of 170+ properties comprising 30,500+ units housing 80,000+ residents. View original content to download multimedia: SOURCE Lincoln Avenue Communities Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
04-06-2025
- Business
- Malaysian Reserve
Lincoln Avenue Communities Hosts Grand Opening Ceremony for Affordable Housing Developments in Ypsilanti, Michigan
YPSILANTI, Mich., June 4, 2025 /PRNewswire/ — Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony last week for Huron Vista and the Residences at Huron, LAC's first ground-up construction developments in the state of Michigan. LAC was joined at the event by community leaders and local officials including Ypsilanti Mayor Nicole Brown. 'We are excited to celebrate the opening of Huron Vista and Residences at Huron in Ypsilanti, which will provide hundreds of Michigan families and seniors with safe, high-quality, affordable housing,' said Kyle Brasser, LAC Vice President and Regional Project Partner. 'LAC is proud to work with our local partners to address the pressing need for affordable units here in Washtenaw County.' Huron Vista and the Residences at Huron provide 156 units of affordable family housing and 152 units of affordable senior housing, respectively. Units are being leased to those earning between 40-60% of the area-media-income (AMI). Both properties include amenities such as outdoor gathering spaces, pools, and fitness centers. Additionally, Huron Vista features a clubhouse building with a community room and children's play area, while the Residences at Huron adds a pickleball court, club room, and underground parking. The developments were financed through tax-exempt bonds and 4% tax credits from the Michigan State Housing Development Authority (MSHDA); a PILOT from the City of Ypsilanti; an equity investment from KeyBank Community Development Corporation; a construction loan from KeyBank; and a permanent loan from Freddie Mac, serviced by KeyBank. About LAC: Lincoln Avenue Communities (LAC) is one of the nation's fastest-growing developers, investors, and operators of affordable and workforce housing, providing high-quality, sustainable homes for lower- and moderate-income individuals, seniors, and families nationwide. LAC is a mission-driven organization with a presence in 28 states and a portfolio of 170+ properties comprising 30,500+ units housing 80,000+ residents.
Yahoo
04-06-2025
- Business
- Yahoo
Lincoln Avenue Communities Hosts Grand Opening Ceremony for Affordable Housing Developments in Ypsilanti, Michigan
YPSILANTI, Mich., June 4, 2025 /PRNewswire/ -- Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, hosted a grand opening ceremony last week for Huron Vista and the Residences at Huron, LAC's first ground-up construction developments in the state of Michigan. LAC was joined at the event by community leaders and local officials including Ypsilanti Mayor Nicole Brown. "We are excited to celebrate the opening of Huron Vista and Residences at Huron in Ypsilanti, which will provide hundreds of Michigan families and seniors with safe, high-quality, affordable housing," said Kyle Brasser, LAC Vice President and Regional Project Partner. "LAC is proud to work with our local partners to address the pressing need for affordable units here in Washtenaw County." Huron Vista and the Residences at Huron provide 156 units of affordable family housing and 152 units of affordable senior housing, respectively. Units are being leased to those earning between 40-60% of the area-media-income (AMI). Both properties include amenities such as outdoor gathering spaces, pools, and fitness centers. Additionally, Huron Vista features a clubhouse building with a community room and children's play area, while the Residences at Huron adds a pickleball court, club room, and underground parking. The developments were financed through tax-exempt bonds and 4% tax credits from the Michigan State Housing Development Authority (MSHDA); a PILOT from the City of Ypsilanti; an equity investment from KeyBank Community Development Corporation; a construction loan from KeyBank; and a permanent loan from Freddie Mac, serviced by KeyBank. About LAC: Lincoln Avenue Communities (LAC) is one of the nation's fastest-growing developers, investors, and operators of affordable and workforce housing, providing high-quality, sustainable homes for lower- and moderate-income individuals, seniors, and families nationwide. LAC is a mission-driven organization with a presence in 28 states and a portfolio of 170+ properties comprising 30,500+ units housing 80,000+ residents. View original content to download multimedia: SOURCE Lincoln Avenue Communities Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
04-06-2025
- Business
- Cision Canada
LAC provides funding to 37 local organizations in support of Canada's documentary heritage
Library and Archives Canada is pleased to announce the recipients of the 2025–2026 funding cycle of the Documentary Heritage Communities Program GATINEAU, QC, June 4, 2025 /CNW/ - This year, archives, museums and documentary heritage institutions will share $1.425 million to carry out 37 projects selected under Library and Archives Canada's (LAC) Documentary Heritage Communities Program (DHCP). View the projects funded by the DHCP in 2025–2026: These projects were selected for the significant impact they will have on documentary heritage preservation, and access, and in the broader community. LAC funding empowers local recipient organizations to allocate essential resources to projects aimed at enhancing access and awareness of their collections, while also bolstering their capacity to safeguard Canada's documentary heritage. Heritage organizations play a vital role in preserving Canada's local memory. LAC is proud to contribute to documenting, preserving and making accessible to the public a memory that reflects Canadian experiences, cultures and society. About Library and Archives Canada The mandate of LAC is to acquire and preserve the documentary heritage of Canada for the benefit of present and future generations and to be a source of enduring knowledge accessible to all, contributing to the cultural, social and economic advancement of Canada. LAC also facilitates cooperation among communities involved in the acquisition, preservation and diffusion of knowledge and serves as the continuing memory of the Government of Canada and its institutions. Quotes " I would like to congratulate all the recipients this year. I also want to express my gratitude for the outstanding efforts they put forth in educating and informing Canadians about their history. We take pride in supporting these initiatives, which will further empower local institutions and contribute to the development of more resilient communities." —The Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages "My heartfelt congratulations to all the recipients! Your dedication to documenting and preserving your community's history is truly commendable. It brings me much joy to see how LAC is able to support amazing projects like yours through yearly funding. Now, more than ever, it's essential for LAC and communities across Canada to stay committed to making our shared stories accessible to everyone." —Leslie Weir, Librarian and Archivist of Canada "LAC's DHCP funding was crucial for the ICC Canada Archives in 2024-2025. This funding allowed us to enable access to Inuit documentary heritage in Inuktitut. Inuktitut is a living language and the first language of many Inuit in Canada." — Lisa Mullins, Archivist, Inuit Circumpolar Council Canada "The funding from the DHCP has made an immense difference to the organization. In the recordings currently restored and made accessible, there are notable musicians, whose legacy will be remembered." — Felix Rowe, Administrative officer, National Youth Orchestra of Canada Quick Facts Since the creation of the DHCP in 2015, LAC has provided $16.395 million in support of 407 documentary heritage community projects. This year, of the 37 recipients, 9 organizations will receive funding for Indigenous documentary heritage projects, and nine organizations will receive funding for Francophone documentary heritage projects. An organization can receive funding of up to $50,000 per year (up to $60,000 for a remote organization) to implement its project. The next call for proposals to apply for funding will be issued in the fall of 2025. Associated Links
