B. Riley Has Negative Outlook of LAAC FY2026 Earnings

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) - Equities research analysts at B. Riley dropped their FY2026 earnings estimates for Lithium Americas (Argentina) in a report issued on Thursday, November 7th. B. Riley analyst M. Key now anticipates that the company will post earnings of $0.41 per share for the year, down from their previous estimate of $0.48. The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.02) per share.

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02).

LAAC has been the topic of several other research reports. Scotiabank lowered their price objective on shares of Lithium Americas (Argentina) from $8.00 to $4.25 and set a "sector outperform" rating on the stock in a report on Thursday, August 15th. HSBC raised shares of Lithium Americas (Argentina) from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. Finally, Hsbc Global Res upgraded Lithium Americas (Argentina) to a "strong-buy" rating in a report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lithium Americas (Argentina) has an average rating of "Moderate Buy" and an average price target of $7.05.

Lithium Americas (Argentina) Price Performance

Shares of NYSE:LAAC traded down $0.05 during trading on Friday, reaching $3.20. 1,140,767 shares of the stock were exchanged, compared to its average volume of 1,521,552. Lithium Americas has a 1-year low of $2.07 and a 1-year high of $6.69. The stock has a fifty day moving average of $3.09 and a two-hundred day moving average of $3.51. The firm has a market cap of $518.14 million, a price-to-earnings ratio of 0.41 and a beta of 1.33.

Institutional Trading of Lithium Americas (Argentina)

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its position in shares of Lithium Americas (Argentina) by 67.9% during the 2nd quarter. Fifth Third Bancorp now owns 9,895 shares of the company's stock valued at $32,000 after acquiring an additional 4,000 shares during the period. TD Asset Management Inc grew its holdings in Lithium Americas (Argentina) by 3.5% during the second quarter. TD Asset Management Inc now owns 122,775 shares of the company's stock valued at $391,000 after purchasing an additional 4,173 shares during the period. Old West Investment Management LLC raised its stake in shares of Lithium Americas (Argentina) by 18.2% in the second quarter. Old West Investment Management LLC now owns 33,386 shares of the company's stock valued at $107,000 after buying an additional 5,140 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Lithium Americas (Argentina) by 8.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 67,635 shares of the company's stock valued at $216,000 after buying an additional 5,503 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Lithium Americas (Argentina) by 25.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company's stock worth $93,000 after acquiring an additional 5,870 shares during the last quarter. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.