Equities Analysts Issue Forecasts 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) - Analysts at Scotiabank cut their FY2025 EPS estimates for Lithium Americas (Argentina) in a research report issued on Tuesday, August 12th. Scotiabank analyst B. Isaacson now forecasts that the company will earn ($0.07) per share for the year, down from their previous forecast 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 also recently commented on LAR. BMO Capital Markets upped their price objective on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th. National Bank Financial raised shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. Finally, National Bankshares raised shares of 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 report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.00.

Lithium Americas (Argentina) Stock Down 3.4%

NYSE LAR traded down $0.11 during trading on Friday, hitting $3.11. 1,595,619 shares of the company's stock traded hands, compared to its average volume of 1,146,726. The stock has a market capitalization of $503.51 million and a PE ratio of -28.27. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $3.96. The business's 50 day simple moving average is $2.57.

Institutional Investors Weigh In On Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently bought and sold shares of LAR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $9,308,000. Hancock Prospecting Pty Ltd purchased a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $5,368,000. CenterBook Partners LP bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth approximately $4,613,000. Woodline Partners LP bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth approximately $3,456,000. Finally, Invesco Ltd. bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth approximately $3,307,000. 49.17% of the stock is 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.