Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) - National Bank Financial decreased their FY2027 earnings per share (EPS) estimates for Lithium Americas (Argentina) in a report released on Monday, August 11th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $0.06 per share for the year, down from their previous forecast 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 research analysts have also recently issued reports on the company. Scotiabank reiterated a "sector perform" rating and issued a $3.50 price objective (up previously from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday. BMO Capital Markets increased their price objective on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, National Bankshares upgraded Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $2.90 to $4.50 in a research report on Tuesday.
Read Our Latest Analysis on Lithium Americas (Argentina)
Lithium Americas (Argentina) Price Performance
Lithium Americas (Argentina) stock opened at $3.65 on Wednesday. The business's 50 day moving average is $2.43. The stock has a market capitalization of $590.94 million and a PE ratio of -52.14. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $3.96.
Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03).
Institutional Trading of Lithium Americas (Argentina)
Several large investors have recently bought and sold shares of the company. Stratos Wealth Advisors LLC acquired a new stake in shares of Lithium Americas (Argentina) during the second quarter valued at $28,000. Sandhill Capital Partners LLC acquired a new stake in Lithium Americas (Argentina) in the 1st quarter worth about $29,000. JPMorgan Chase & Co. acquired a new stake in Lithium Americas (Argentina) in the 2nd quarter worth about $37,000. HighTower Advisors LLC acquired a new stake in Lithium Americas (Argentina) in the 1st quarter worth about $40,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Lithium Americas (Argentina) in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 49.17% of the company's stock.
About Lithium Americas (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.
Further Reading
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