What is Scotiabank's Estimate for LAR FY2025 Earnings?

Key Points

• Scotiabank has lowered its FY2025 earnings estimate for Lithium Americas (Argentina) to ($0.07) per share, down from $0.14, maintaining a "Hold" rating on the stock.
• Recent quarterly earnings showed Lithium Americas reported ($0.04) EPS, missing analysts' consensus estimates, which adds to investor concerns about the company's performance.
• Several analysts have upgraded their ratings and target prices for Lithium Americas, with National Bank Financial moving from "hold" to "strong-buy," indicating a shift in market sentiment despite downgrades in earnings forecasts.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) - Equities researchers at Scotiabank decreased their FY2025 earnings per share estimates for shares of Lithium Americas (Argentina) in a research note issued to investors on Tuesday, August 12th. Scotiabank analyst B. Isaacson now expects that the company will post earnings of ($0.07) per share for the year, down from their previous estimate of $0.14. Scotiabank has a "Hold" rating on the stock. The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.05) per share. Scotiabank also issued estimates for Lithium Americas (Argentina)'s FY2026 earnings at $0.10 EPS.

Several other equities research analysts have also weighed in on LAR. National Bank Financial upgraded Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 11th. BMO Capital Markets raised their price objective on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Finally, National Bankshares raised shares of Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE:LAR traded down $0.03 during trading on Friday, hitting $3.29. The stock had a trading volume of 1,415,463 shares. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $3.96. The company has a fifty day moving average of $2.55.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Large investors have recently made changes to their positions in the business. Orion Resource Partners LP grew its stake in shares of Lithium Americas (Argentina) by 619.0% in the 2nd quarter. Orion Resource Partners LP now owns 345,155 shares of the company's stock worth $718,000 after buying an additional 297,150 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Lithium Americas (Argentina) by 164.3% in the second quarter. Balyasny Asset Management L.P. now owns 199,553 shares of the company's stock worth $415,000 after acquiring an additional 124,064 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Lithium Americas (Argentina) by 5.4% during the second quarter. Bank of America Corp DE now owns 395,652 shares of the company's stock valued at $823,000 after acquiring 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% in the 2nd quarter. Jane Street Group LLC now owns 373,603 shares of the company's stock worth $777,000 after purchasing an additional 88,230 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Lithium Americas (Argentina) by 14.1% in the 2nd quarter. Raymond James Financial Inc. now owns 26,030 shares of the company's stock worth $54,000 after purchasing an additional 3,214 shares during the last quarter. 49.17% of the stock is currently owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Company Profile

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.