Research Analysts Offer Predictions for LAR FY2025 Earnings

Key Points

• National Bank Financial has downgraded its FY2025 earnings per share estimate for Lithium Americas (Argentina) to ($0.11) from a previous forecast of ($0.10), while maintaining a "Strong-Buy" rating on the stock.
• BMO Capital Markets and Scotiabank have recently adjusted their price targets for Lithium Americas, with BMO raising its target to $4.00 and Scotiabank increasing its target to $3.50.
• The company's stock is currently trading at $3.43, up from a low of $1.71 over the last year, with institutional investors holding approximately 49.17% of the company's shares.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) - National Bank Financial reduced their FY2025 earnings estimates for Lithium Americas (Argentina) in a note issued to investors on Monday, August 11th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings of ($0.11) per share for the year, down from their prior forecast of ($0.10). National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.05) per share.

A number of other analysts have also recently issued reports on LAR. BMO Capital Markets increased their target price on 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. Scotiabank reiterated a "sector perform" rating and issued a $3.50 price target (up from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday, August 13th. Finally, National Bankshares upgraded Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Lithium Americas (Argentina) has an average rating of "Moderate Buy" and an average target price of $4.00.

Lithium Americas (Argentina) Stock Performance

Lithium Americas (Argentina) stock traded down $0.02 on Thursday, reaching $3.27. The company's stock had a trading volume of 911,101 shares, compared to its average volume of 1,141,330. The company's fifty day moving average is $2.55. Lithium Americas has a twelve month low of $1.71 and a twelve month high of $3.96. The stock has a market capitalization of $529.41 million and a P/E ratio of -29.73.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of hedge funds have recently made changes to their positions in LAR. Orion Resource Partners LP grew its stake in shares of Lithium Americas (Argentina) by 619.0% in the second quarter. Orion Resource Partners LP now owns 345,155 shares of the company's stock worth $718,000 after purchasing an additional 297,150 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Lithium Americas (Argentina) by 164.3% in the second quarter. Balyasny Asset Management L.P. now owns 199,553 shares of the company's stock worth $415,000 after buying an additional 124,064 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Lithium Americas (Argentina) by 5.4% in the second quarter. Bank of America Corp DE now owns 395,652 shares of the company's stock worth $823,000 after purchasing an additional 20,253 shares during the last quarter. Jane Street Group LLC raised its stake in Lithium Americas (Argentina) by 30.9% during the 2nd quarter. Jane Street Group LLC now owns 373,603 shares of the company's stock valued at $777,000 after buying an additional 88,230 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Lithium Americas (Argentina) by 14.1% in the 2nd quarter. Raymond James Financial Inc. now owns 26,030 shares of the company's stock worth $54,000 after purchasing an additional 3,214 shares in the last quarter. 49.17% of the stock is currently owned by institutional investors.

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.