National Bank Financial Comments on 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) - Stock analysts at National Bank Financial lowered their FY2025 earnings estimates for Lithium Americas (Argentina) in a report issued on Monday, August 11th. National Bank Financial analyst M. Sidibe now anticipates that the company will earn ($0.11) per share for the year, down from their prior forecast of ($0.10). National Bank Financial currently 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.

Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03).

A number of other equities analysts have also weighed in on the stock. National Bankshares upgraded shares of Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. Scotiabank restated a "sector perform" rating and set a $3.50 target price (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday. 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 report on Tuesday, August 12th.

Lithium Americas (Argentina) Stock Performance

Shares of LAR traded down $0.04 during mid-day trading on Thursday, reaching $3.33. The stock had a trading volume of 1,063,942 shares. The firm has a market capitalization of $539.13 million and a price-to-earnings ratio of -30.27. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $3.96. The business's fifty day moving average price is $2.52.

Hedge Funds Weigh In On Lithium Americas (Argentina)

A number of hedge funds and other institutional investors have recently modified their holdings of LAR. Orion Resource Partners LP raised its position in shares of Lithium Americas (Argentina) by 619.0% during the 2nd quarter. Orion Resource Partners LP now owns 345,155 shares of the company's stock valued at $718,000 after buying an additional 297,150 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Lithium Americas (Argentina) by 164.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 199,553 shares of the company's stock valued at $415,000 after buying an additional 124,064 shares in the last quarter. Bank of America Corp DE raised its position in shares of Lithium Americas (Argentina) by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 395,652 shares of the company's stock valued at $823,000 after buying an additional 20,253 shares in the last quarter. Jane Street Group LLC raised its position in shares of 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 in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Lithium Americas (Argentina) by 14.1% during the 2nd quarter. Raymond James Financial Inc. now owns 26,030 shares of the company's stock valued at $54,000 after buying an additional 3,214 shares in the last quarter. 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.