Lithium Americas (Argentina) (LAAC) Projected to Post Earnings on Wednesday

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Lithium Americas (Argentina) Trading Up 9.1 %

Shares of LAAC traded up $0.21 during trading hours on Wednesday, reaching $2.51. 2,752,585 shares of the stock traded hands, compared to its average volume of 1,373,264. The company has a market cap of $406.45 million, a P/E ratio of 0.32 and a beta of 1.35. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $5.79. The company's 50-day moving average price is $2.55 and its two-hundred day moving average price is $2.90.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Lithium Americas (Argentina) to a "moderate buy" rating in a research note on Monday, January 20th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lithium Americas (Argentina) presently has a consensus rating of "Moderate Buy" and an average price target of $7.19.

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.