Cormark Has Pessimistic Outlook of LAR FY2025 Earnings

Lithium Argentina AG (NYSE:LAR - Free Report) - Cormark reduced their FY2025 earnings per share (EPS) estimates for Lithium Argentina in a note issued to investors on Wednesday, March 19th. Cormark analyst S. Gill now forecasts that the company will post earnings per share of ($0.03) for the year, down from their prior forecast of ($0.02). The consensus estimate for Lithium Argentina's current full-year earnings is ($0.05) per share.

A number of other research analysts have also weighed in on LAR. Scotiabank cut their price objective on Lithium Argentina from $4.00 to $3.50 and set a "sector outperform" rating for the company in a research report on Wednesday, March 19th. National Bankshares decreased their price objective on Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating on the stock in a report on Wednesday, March 19th.

Lithium Argentina Price Performance

LAR stock traded down $0.05 during midday trading on Friday, hitting $2.29. The company's stock had a trading volume of 776,422 shares, compared to its average volume of 1,006,542. The company has a market capitalization of $370.82 million, a price-to-earnings ratio of 0.29 and a beta of 1.36. Lithium Argentina has a 12 month low of $1.96 and a 12 month high of $5.73.

Lithium Argentina (NYSE:LAR - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01.

About Lithium Argentina

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.