Lithium Americas (Argentina) (LAAC) Stock Price, News & Analysis

Company Overview

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. Lithium Americas (Argentina) Corp. is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $3.11 to $3.23
• 50-Day Range: $2.48 to $3.77
• 52-Week Range: $2.07 to $6.69
• Volume: 1.01 million shs
• Average Volume: 1.49 million shs
• Market Capitalization: $518.18 million
• P/E Ratio: 0.41
• Dividend Yield: N/A
• Price Target: $7.05
• Consensus Rating: Moderate Buy

Lithium Americas (Argentina) Stock Analysis - MarketRank™

Lithium Americas (Argentina) scored higher than 67% of companies evaluated by MarketBeat, and ranked 99th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Lithium Americas (Argentina) has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Lithium Americas (Argentina) has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Lithium Americas (Argentina) are expected to grow in the coming year, from ($0.06) to $0.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lithium Americas (Argentina) is 0.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lithium Americas (Argentina) is 0.41, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.95.

Price to Book Value per Share Ratio

Lithium Americas (Argentina) has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.86% of the float of Lithium Americas (Argentina) has been sold short.

Short Interest Ratio / Days to Cover

Lithium Americas (Argentina) has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Lithium Americas (Argentina) has recently decreased by 11.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Lithium Americas (Argentina) does not currently pay a dividend.

Dividend Growth

Lithium Americas (Argentina) does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.86% of the float of Lithium Americas (Argentina) has been sold short.

Short Interest Ratio / Days to Cover

Lithium Americas (Argentina) has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Lithium Americas (Argentina) has recently decreased by 11.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

Lithium Americas (Argentina) has a news sentiment score of -0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

Search Interest

Only 10 people have searched for LAAC on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

19 people have added Lithium Americas (Argentina) to their MarketBeat watchlist in the last 30 days. This is an increase of 171% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lithium Americas (Argentina) insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.80% of the stock of Lithium Americas (Argentina) is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

49.17% of the stock of Lithium Americas (Argentina) is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LAAC Stock Analysis - Frequently Asked Questions

How have LAAC shares performed this year?

Lithium Americas (Argentina)'s stock was trading at $6.32 at the beginning of 2024. Since then, LAAC shares have decreased by 49.4% and is now trading at $3.20.
View the best growth stocks for 2024 here.

How were Lithium Americas (Argentina)'s earnings last quarter?

Lithium Americas (Argentina) Corp. (NYSE:LAAC) announced its earnings results on Monday, May, 13th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.10.

Who are Lithium Americas (Argentina)'s major shareholders?

Top institutional shareholders of Lithium Americas (Argentina) include General Motors Holdings LLC (9.27%), Van ECK Associates Corp (1.89%), M&G PLC (0.95%) and Intact Investment Management Inc. (0.32%).

How do I buy shares of Lithium Americas (Argentina)?

Shares of LAAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Lithium Americas (Argentina) own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lithium Americas (Argentina) investors own include Lithium Americas (LAC), Enterprise Products Partners (EPD), AT&T (T), Energy Transfer (ET), Baker Hughes (BKR), Enovix (ENVX) and Pfizer (PFE).

Company Calendar

• Last Earnings: 5/13/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:LAAC
• Previous Symbol: NYSE:LAAC
• CUSIP: N/A
• CIK: 1440972
• Web: www.lithium-argentina.com
• Phone: 778-656-5815
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.05
• High Stock Price Target: $12.00
• Low Stock Price Target: $4.25
• Potential Upside/Downside: +120.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.79
• Trailing P/E Ratio: 0.41
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $1.29 billion
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -1.37%
• Return on Assets: -1.08%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.49
• Quick Ratio: 0.49

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: $0.19 per share
• Price / Cash Flow: 16.75
• Book Value: $5.16 per share
• Price / Book: 0.62

Miscellaneous

• Outstanding Shares: 161,930,000
• Free Float: 129,867,000
• Market Cap: $518.18 million
• Optionable: Optionable
• Beta: 1.33