What is Stifel Canada's Estimate for LAR FY2025 Earnings?

Key Points

• Stifel Canada has raised its FY2025 earnings per share (EPS) estimate for Lithium Americas (Argentina) from (0.03) to (0.02) per share, while the consensus estimate is currently (0.05) per share.
• BMO Capital Markets increased their target price for the stock from $2.50 to $4.00 and upgraded the rating to "market perform." Additionally, National Bank Financial has upgraded it to "strong-buy."
• The company's shares traded up 0.9%, reaching $3.40, with hedge funds now holding 49.17% of the company's stock.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) - Stifel Canada lifted their FY2025 earnings estimates for shares of Lithium Americas (Argentina) in a research note issued on Tuesday, August 12th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of ($0.02) per share for the year, up from their prior forecast of ($0.03). The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.05) per share.

Several other research analysts have also issued reports on LAR. National Bank Financial upgraded shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 11th. BMO Capital Markets upped their price objective on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. National Bankshares upgraded Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $2.90 to $4.50 in a research report on Tuesday, August 12th. Finally, Scotiabank restated a "sector perform" rating and issued a $3.50 target price (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th.

Lithium Americas (Argentina) Price Performance

LAR stock traded down $0.03 during midday trading on Friday, reaching $3.29. The company had a trading volume of 1,415,463 shares. The company's 50-day moving average is $2.55. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $3.96.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Large investors have recently added to or reduced their stakes in the business. Stratos Wealth Advisors LLC purchased a new stake in Lithium Americas (Argentina) during the second quarter valued at about $28,000. Sandhill Capital Partners LLC purchased a new position in shares of Lithium Americas (Argentina) in the first quarter worth about $29,000. JPMorgan Chase & Co. bought a new stake in shares of Lithium Americas (Argentina) in the 2nd quarter valued at about $37,000. HighTower Advisors LLC purchased a new stake in Lithium Americas (Argentina) during the 1st quarter valued at about $40,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Lithium Americas (Argentina) during the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 49.17% of the company's stock.

About Lithium Americas (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.