Lithium Argentina AG (NYSE:LAR - Free Report) - Stock analysts at Stifel Canada cut their FY2026 earnings per share estimates for Lithium Argentina in a research report issued to clients and investors on Thursday, May 15th. Stifel Canada analyst C. Mcgill now anticipates that the company will earn $0.19 per share for the year, down from their previous estimate of $0.24. The consensus estimate for Lithium Argentina's current full-year earnings is ($0.05) per share.
LAR has been the subject of several other research reports. National Bankshares cut their price target on Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating for the company in a research note on Wednesday, March 19th. Scotiabank lowered their price target on Lithium Argentina from $3.50 to $3.00 and set a "sector outperform" rating on the stock in a report on Tuesday.
Check Out Our Latest Analysis on LAR
Lithium Argentina Price Performance
Shares of Lithium Argentina stock traded up $0.04 during trading hours on Monday, hitting $1.86. 898,111 shares of the company's stock traded hands, compared to its average volume of 926,481. Lithium Argentina has a 12-month low of $1.73 and a 12-month high of $4.80. The stock has a market capitalization of $300.32 million, a PE ratio of 0.24 and a beta of 1.36. The stock's fifty day moving average is $2.06.
Lithium Argentina (NYSE:LAR - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03).
Hedge Funds Weigh In On Lithium Argentina
A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Lithium Argentina during the 1st quarter valued at about $9,308,000. Hancock Prospecting Pty Ltd purchased a new position in shares of Lithium Argentina during the 1st quarter valued at about $5,368,000. CenterBook Partners LP purchased a new position in shares of Lithium Argentina during the 1st quarter valued at about $4,613,000. Woodline Partners LP purchased a new position in shares of Lithium Argentina during the 1st quarter valued at about $3,456,000. Finally, Invesco Ltd. purchased a new position in Lithium Argentina in the 1st quarter worth approximately $3,307,000. 49.17% of the stock is owned by hedge funds and other institutional investors.
About Lithium Argentina
(
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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.
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