Lithium Americas (Argentina) Corp. to Post FY2025 Earnings of $0.78 Per Share, Cormark Forecasts (NYSE:LAAC)

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) - Stock analysts at Cormark dropped their FY2025 earnings estimates for shares of Lithium Americas (Argentina) in a research note issued on Wednesday, May 15th. Cormark analyst M. Whale now expects that the company will post earnings of $0.78 per share for the year, down from their prior forecast of $0.83. The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is $0.42 per share.

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.10). During the same period last year, the firm earned ($0.04) earnings per share.

Other research analysts have also issued reports about the stock. Scotiabank upgraded shares of Lithium Americas (Argentina) from a "sector perform" rating to a "sector outperform" rating and set a $8.00 price target for the company in a research report on Friday, March 22nd. BMO Capital Markets reduced their target price on Lithium Americas (Argentina) from $7.00 to $6.50 and set a "market perform" rating for the company in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $10.70.

Lithium Americas (Argentina) Price Performance

Shares of LAAC stock traded up $0.16 during trading hours on Friday, reaching $5.05. The stock had a trading volume of 960,078 shares, compared to its average volume of 1,603,015. The stock's fifty day simple moving average is $5.16 and its 200 day simple moving average is $5.25. The company has a current ratio of 9.16, a quick ratio of 9.16 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $813.56 million, a PE ratio of 0.63 and a beta of 1.33. Lithium Americas has a 12 month low of $3.84 and a 12 month high of $8.79.

Hedge Funds Weigh In On Lithium Americas (Argentina)

A number of hedge funds have recently modified their holdings of LAAC. Mather Group LLC. bought a new stake in Lithium Americas (Argentina) in the first quarter valued at $27,000. Allworth Financial LP bought a new stake in shares of Lithium Americas (Argentina) during the 4th quarter valued at about $32,000. Quent Capital LLC purchased a new position in shares of Lithium Americas (Argentina) during the fourth quarter valued at about $34,000. Fifth Third Bancorp bought a new position in Lithium Americas (Argentina) in the fourth quarter worth about $53,000. Finally, Scarborough Advisors LLC purchased a new stake in Lithium Americas (Argentina) in the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 49.17% of the company's stock.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.