National Bank Financial Predicts LAR FY2027 Earnings

Key Points

• National Bank Financial has lowered its FY2027 earnings per share (EPS) estimate for Lithium Americas (Argentina) to $0.06 from $0.07, maintaining a "Strong-Buy" rating.
• Research reports from Scotiabank and BMO Capital Markets have resulted in revised price targets for the stock, with Scotiabank raising its target to $3.50 and BMO increasing it to $4.00.
• Institutional investors now own 49.17% of Lithium Americas (Argentina), with several large investors acquiring stakes in the company recently.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) - Stock analysts at National Bank Financial reduced their FY2027 earnings per share estimates for shares of Lithium Americas (Argentina) in a report issued on Monday, August 11th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings of $0.06 per share for the year, down from their previous estimate of $0.07. 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.

Several other analysts also recently commented on LAR. National Bankshares raised Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. Scotiabank reaffirmed a "sector perform" rating and set a $3.50 price objective (up from $3.00) on shares of Lithium Americas (Argentina) in a research note on Wednesday, August 13th. Finally, 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.

Lithium Americas (Argentina) Price Performance

LAR traded down $0.03 on Wednesday, hitting $3.29. 1,415,463 shares of the company traded hands, compared to its average volume of 1,143,181. The stock's 50 day moving average is $2.52. The firm has a market cap of $532.65 million and a PE ratio of -29.91. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $3.96.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Several hedge funds have recently bought and sold shares of LAR. CenterBook Partners LP acquired a new stake in Lithium Americas (Argentina) during the 1st quarter valued at $4,613,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $592,000. D.A. Davidson & CO. acquired a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $57,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $41,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $215,000. 49.17% of the stock is owned by hedge funds and other 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.