Equities Analysts Offer Predictions for LAR FY2027 Earnings

Lithium Argentina AG (NYSE:LAR - Free Report) - Equities research analysts at National Bank Financial cut their FY2027 EPS estimates for Lithium Argentina in a note issued to investors on Monday, April 28th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $0.19 for the year, down from their previous estimate of $0.23. The consensus estimate for Lithium Argentina's current full-year earnings is ($0.05) per share.

Several other equities analysts have also weighed in on the company. National Bankshares cut their target price on Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating on the stock in a report on Wednesday, March 19th. Scotiabank cut their price objective on Lithium Argentina from $4.00 to $3.50 and set a "sector outperform" rating on the stock in a research note on Wednesday, March 19th.

Lithium Argentina Stock Performance

Shares of Lithium Argentina stock traded down $0.02 during midday trading on Wednesday, reaching $2.04. 310,325 shares of the company's stock traded hands, compared to its average volume of 929,972. Lithium Argentina has a 52 week low of $1.73 and a 52 week high of $5.60. The firm has a 50 day moving average of $2.14. The stock has a market capitalization of $330.28 million, a P/E ratio of 0.26 and a beta of 1.36.

Lithium Argentina (NYSE:LAR - Get Free Report) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01.

Institutional Investors Weigh In On Lithium Argentina

A number of hedge funds have recently bought and sold shares of LAR. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Lithium Argentina during the 1st quarter worth about $41,000. Quotient Wealth Partners LLC acquired a new stake in shares of Lithium Argentina in the first quarter worth $49,000. Robertson Stephens Wealth Management LLC acquired a new position in Lithium Argentina during the 1st quarter valued at $56,000. D.A. Davidson & CO. bought a new stake in Lithium Argentina in the 1st quarter valued at $57,000. Finally, Balboa Wealth Partners acquired a new stake in Lithium Argentina in the 1st quarter worth $90,000. 49.17% of the stock is currently owned by institutional investors.

Lithium 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.