What is Stifel Canada's Estimate for LAR FY2025 Earnings?

Key Points

• Stifel Canada has upgraded its earnings per share estimate for Lithium Americas (Argentina) in FY2025, now forecasting a loss of ($0.03) per share, an improvement from the previous estimate of ($0.05).
• National Bank Financial has upgraded its rating on Lithium Americas from "hold" to "strong-buy" and increased the target price from $2.90 to $4.50, reflecting growing analyst confidence in the company.
• The stock is currently trading at $3.43, with a significant market cap of $555.32 million, following recent analyst revisions on its performance outlook.

Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) - Research analysts at Stifel Canada raised their FY2025 earnings estimates for Lithium Americas (Argentina) in a report released on Monday, August 11th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of ($0.03) per share for the year, up from their previous forecast of ($0.05). The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.05) per share. Stifel Canada also issued estimates for Lithium Americas (Argentina)'s FY2027 earnings at $0.50 EPS.

Several other research analysts have also recently issued reports on LAR. National Bankshares raised shares of Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from $2.90 to $4.50 in a report on Tuesday, August 12th. Scotiabank reaffirmed a "sector perform" rating and issued a $3.50 price objective (up from $3.00) on shares of Lithium Americas (Argentina) in a research report on Wednesday. National Bank Financial raised Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a report on Monday, August 11th. Finally, BMO Capital Markets upped their price target on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th.

Lithium Americas (Argentina) Stock Performance

NYSE:LAR traded down $0.04 during mid-day trading on Thursday, hitting $3.33. 1,063,942 shares of the company's stock were exchanged. Lithium Americas has a one year low of $1.71 and a one year high of $3.96. The company has a fifty day moving average price of $2.52. The stock has a market cap of $539.13 million and a P/E ratio of -30.27.

Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last posted its quarterly earnings data 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)

Large investors have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) in the second quarter worth approximately $28,000. Sandhill Capital Partners LLC bought a new stake in shares of Lithium Americas (Argentina) in the first quarter worth approximately $29,000. JPMorgan Chase & Co. bought a new stake in shares of Lithium Americas (Argentina) in the second quarter worth approximately $37,000. HighTower Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) in the first quarter worth approximately $40,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Lithium Americas (Argentina) in the second quarter worth approximately $40,000. 49.17% of the stock is currently owned by 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.