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Lithium Royalty Corp. (TSE:LIRC)
TSX:LIRC
Holding TSE:LIRC?
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 15, 2023
|% Change Since: 1.58%
|Next Earnings Date:Mar 31, 2023
Earnings Call Sentiment|Neutral
The earnings call presented a challenging short-term outlook with significant revenue declines and negative EBITDA. However, the company remains optimistic about its long-term prospects due to low-cost operations, a strong cash position, and upcoming projects expected to boost revenue. The positive long-term demand outlook for lithium and ongoing M&A activity provide potential upside.Company Guidance
During the third quarter 2024 earnings call for Lithium Royalty Corp. (LIRC.TO), the company reported a 93% year-over-year decline in revenue, primarily due to a 74% drop in spodumene prices and operational challenges like Core Lithium entering care and maintenance. Despite these challenges, the company maintains a strong position with a debt-free balance sheet and $7.1 million in cash. General and administrative expenses were tightly controlled, decreasing by 38% year-over-year to $836,000. LRC anticipates a more favorable 2025, expecting a revenue increase driven by volume growth and potential price recovery. The company highlighted ongoing and upcoming projects, such as Ganfeng's Mariana and Zijin's Tres Quebradas, expected to contribute to revenue in 2025, with Atlas Lithium and Sigma Lithium also advancing their operations. The sector is experiencing increased M&A activity, exemplified by Rio Tinto's $6.7 billion acquisition of Arcadium Lithium, which LRC views as beneficial for enhancing its portfolio and project timelines.Low Cost Structure and Strong Financial Position
Lithium Royalty Corp. maintains a low-cost structure with only 10 employees and minimal cash G&A, which declined by 38% year-over-year. The company is debt-free with $7.1 million cash on hand.
Positive Long-term Lithium Demand Outlook
Global EV sales are on track to increase by 20% compared to 2023, and stationary energy storage is forecasted to grow by 100% in 2024. These factors indicate strong long-term demand for lithium.
M&A Activity Enhancing Portfolio
Recent M&A activity, such as Rio Tinto's $6.7 billion acquisition of Arcadium Lithium, is expected to improve LRC's portfolio over time with more robust counterparties.
Upcoming Revenue Sources
Several projects, including Ganfeng's Mariana, Zijin's Tres Quebradas, and Sigma Lithium's Phase 2 expansion, are expected to add incremental revenue in 2025.
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TSE:LIRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LIRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | C$5.68 | C$5.70 | +0.35% |
| Aug 08, 2024 | C$6.60 | C$6.89 | +4.39% |
| May 13, 2024 | C$7.20 | C$7.13 | -0.97% |
| Mar 27, 2024 | C$7.33 | C$7.43 | +1.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lithium Royalty Corp. (TSE:LIRC) report earnings?
Lithium Royalty Corp. (TSE:LIRC) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is Lithium Royalty Corp. (TSE:LIRC) earnings time?
Lithium Royalty Corp. (TSE:LIRC) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LIRC EPS forecast?
TSE:LIRC EPS forecast for the fiscal quarter 2024 (Q4) is -0.02.
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