Lithium Argentina AG (NYSE:LAR - Free Report) - Equities researchers at Cormark reduced their FY2026 earnings estimates for shares of Lithium Argentina in a research report issued on Friday, May 16th. Cormark analyst S. Gill now expects that the company will post earnings per share of $0.14 for the year, down from their previous estimate of $0.19. The consensus estimate for Lithium Argentina's current full-year earnings is ($0.05) per share.
Several other equities research analysts have also weighed in on LAR. Scotiabank dropped their price target on Lithium Argentina from $3.50 to $3.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. National Bankshares dropped their price target on Lithium Argentina from $3.75 to $3.50 and set a "sector perform" rating on the stock in a research report on Wednesday, March 19th.
View Our Latest Stock Analysis on Lithium Argentina
Lithium Argentina Stock Performance
Shares of NYSE LAR traded up $0.04 during mid-day trading on Monday, hitting $1.86. 898,111 shares of the stock traded hands, compared to its average volume of 926,481. Lithium Argentina has a 52 week low of $1.73 and a 52 week high of $4.80. The company has a market capitalization of $300.32 million, a P/E ratio of 0.24 and a beta of 1.36. The stock has a fifty day moving average of $2.06.
Lithium Argentina (NYSE:LAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03).
Institutional Investors Weigh In On Lithium Argentina
Several hedge funds have recently added to or reduced their stakes in LAR. Wealth Enhancement Advisory Services LLC bought a new stake in Lithium Argentina during the 1st quarter valued at about $592,000. Robertson Stephens Wealth Management LLC bought a new stake in Lithium Argentina during the 1st quarter valued at about $56,000. Cambridge Investment Research Advisors Inc. bought a new stake in Lithium Argentina during the 1st quarter valued at about $41,000. Balboa Wealth Partners bought a new stake in Lithium Argentina during the 1st quarter valued at about $90,000. Finally, Mutual Advisors LLC bought a new stake in Lithium Argentina during the 1st quarter valued at about $103,000. 49.17% of the stock is owned by institutional investors.
Lithium Argentina Company Profile
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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.
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