Stifel Canada Has Positive Outlook of 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) - Analysts at Stifel Canada lifted their FY2025 earnings per share 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 per share of ($0.03) for the year, up from their prior estimate 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 equities research analysts have also recently weighed in on the stock. National Bankshares raised shares of Lithium Americas (Argentina) from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. BMO Capital Markets lifted their price objective on Lithium Americas (Argentina) from $2.50 to $4.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Scotiabank restated a "sector perform" rating and issued a $3.50 target price (up previously from $3.00) on shares of Lithium Americas (Argentina) in a report on Wednesday, August 13th. Finally, National Bank Financial raised shares of Lithium Americas (Argentina) from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $4.00.

Lithium Americas (Argentina) Price Performance

NYSE LAR traded down $0.02 during trading on Thursday, reaching $3.27. The company's stock had a trading volume of 911,101 shares, compared to its average volume of 1,141,330. The company has a 50 day moving average of $2.55. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $3.96. The stock has a market cap of $529.41 million and a price-to-earnings ratio of -29.73.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Orion Resource Partners LP raised its position in Lithium Americas (Argentina) by 619.0% in the second quarter. Orion Resource Partners LP now owns 345,155 shares of the company's stock valued at $718,000 after purchasing an additional 297,150 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Lithium Americas (Argentina) by 164.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 199,553 shares of the company's stock worth $415,000 after purchasing an additional 124,064 shares during the period. Bank of America Corp DE raised its stake in shares of Lithium Americas (Argentina) by 5.4% during the 2nd quarter. Bank of America Corp DE now owns 395,652 shares of the company's stock worth $823,000 after buying an additional 20,253 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Lithium Americas (Argentina) by 30.9% in the second quarter. Jane Street Group LLC now owns 373,603 shares of the company's stock valued at $777,000 after acquiring an additional 88,230 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Lithium Americas (Argentina) by 14.1% during the 2nd quarter. Raymond James Financial Inc. now owns 26,030 shares of the company's stock valued at $54,000 after acquiring an additional 3,214 shares during the last quarter. Institutional investors and hedge funds own 49.17% of the company's stock.

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.