What is Stifel Canada's Forecast 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) - Equities researchers at Stifel Canada boosted their FY2025 EPS estimates for shares of Lithium Americas (Argentina) in a research note issued to investors on Tuesday, August 12th. Stifel Canada analyst C. Mcgill now forecasts 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.

LAR has been the subject of a number of other research reports. National Bank Financial upgraded shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 11th. National Bankshares upgraded shares of Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. Scotiabank reiterated 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 note on Wednesday, August 13th. Finally, BMO Capital Markets upped their target price on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.00.

Lithium Americas (Argentina) Stock Down 3.4%

Shares of Lithium Americas (Argentina) stock traded down $0.11 during trading on Friday, reaching $3.11. 1,595,619 shares of the company traded hands, compared to its average volume of 1,146,726. Lithium Americas has a 1-year low of $1.71 and a 1-year high of $3.96. The company has a 50 day moving average price of $2.57. The company has a market cap of $503.51 million and a price-to-earnings ratio of -28.27.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Several institutional investors have recently added to or reduced their stakes in LAR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Lithium Americas (Argentina) during the first quarter valued at about $9,308,000. Hancock Prospecting Pty Ltd bought a new position in Lithium Americas (Argentina) during the first quarter valued at about $5,368,000. CenterBook Partners LP bought a new position in Lithium Americas (Argentina) during the first quarter valued at about $4,613,000. Woodline Partners LP bought a new position in Lithium Americas (Argentina) during the first quarter valued at about $3,456,000. Finally, Invesco Ltd. bought a new position in Lithium Americas (Argentina) during the first quarter valued at about $3,307,000. Institutional investors own 49.17% of the company's stock.

Lithium Americas (Argentina) Company Profile

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.