LAAC FY2024 EPS Estimate Lifted by National Bank Financial

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) - Equities research analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of Lithium Americas (Argentina) in a research note issued on Wednesday, November 6th. National Bank Financial analyst M. Sidibe now anticipates that the company will earn ($0.08) per share for the year, up from their previous forecast of ($0.14). The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for Lithium Americas (Argentina)'s FY2025 earnings at ($0.06) EPS.

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) last posted its quarterly earnings data 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).

Several other research firms have also recently issued reports on LAAC. Scotiabank decreased their price objective on 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 Global Res upgraded shares of Lithium Americas (Argentina) to a "strong-buy" rating in a report on Wednesday, August 14th. Finally, HSBC upgraded shares of Lithium Americas (Argentina) from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. Four 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 company's stock. According to MarketBeat.com, Lithium Americas (Argentina) currently has an average rating of "Moderate Buy" and an average target price of $7.05.

Lithium Americas (Argentina) Price Performance

Lithium Americas (Argentina) stock traded up $0.18 during trading hours on Monday, hitting $3.42. The stock had a trading volume of 1,105,195 shares, compared to its average volume of 1,521,179. The stock's fifty day moving average is $3.11 and its two-hundred day moving average is $3.48. Lithium Americas has a 1-year low of $2.07 and a 1-year high of $6.69. The stock has a market capitalization of $553.77 million, a price-to-earnings ratio of 0.44 and a beta of 1.33.

Institutional Trading of Lithium Americas (Argentina)

Several institutional investors and hedge funds have recently bought and sold shares of LAAC. General Motors Holdings LLC bought a new position in shares of Lithium Americas (Argentina) during the third quarter valued at approximately $48,907,000. Intact Investment Management Inc. boosted its holdings in shares of Lithium Americas (Argentina) by 47.3% during the third quarter. Intact Investment Management Inc. now owns 510,200 shares of the company's stock valued at $1,671,000 after acquiring an additional 163,800 shares during the period. M&G Plc bought a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $5,944,000. Van ECK Associates Corp increased its holdings in shares of Lithium Americas (Argentina) by 16.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,365 shares of the company's stock worth $10,615,000 after acquiring an additional 426,419 shares during the period. Finally, Decade Renewable Partners LP increased its stake in shares of Lithium Americas (Argentina) by 102.7% in the second quarter. Decade Renewable Partners LP now owns 547,625 shares of the company's stock valued at $1,752,000 after purchasing an additional 277,500 shares during the period. Institutional investors and hedge funds own 49.17% of the company's stock.

About Lithium Americas (Argentina)

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.