Lithium Americas (Argentina) (LAAC) Scheduled to Post Earnings on Tuesday

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, analysts expect Lithium Americas (Argentina) to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lithium Americas (Argentina) Trading Up 1.8 %

Shares of NYSE LAAC traded up $0.06 on Tuesday, reaching $3.77. 2,447,232 shares of the company traded hands, compared to its average volume of 1,523,109. The company has a 50 day moving average of $2.96 and a 200 day moving average of $3.58. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $6.69. The stock has a market capitalization of $607.03 million, a PE ratio of 0.46 and a beta of 1.33.

Wall Street Analysts Forecast Growth

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

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.