Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) - Cormark issued their FY2026 earnings per share estimates for Lithium Americas (Argentina) in a report released on Monday, January 20th. Cormark analyst S. Gill forecasts that the company will post earnings of $0.19 per share for the year. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Lithium Americas (Argentina)'s current full-year earnings is ($0.06) per share.
Lithium Americas (Argentina) Trading Down 4.5 %
LAAC stock traded down $0.14 during midday trading on Tuesday, hitting $2.87. The stock had a trading volume of 1,164,896 shares, compared to its average volume of 984,007. The firm has a market capitalization of $463.94 million, a price-to-earnings ratio of 0.37 and a beta of 1.35. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $5.79. The stock has a 50-day simple moving average of $3.03 and a 200 day simple moving average of $3.00.
Hedge Funds Weigh In On Lithium Americas (Argentina)
A number of hedge funds have recently modified their holdings of LAAC. Mercer Global Advisors Inc. ADV grew its position in Lithium Americas (Argentina) by 8.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 67,635 shares of the company's stock valued at $216,000 after acquiring an additional 5,503 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of Lithium Americas (Argentina) by 25.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company's stock worth $93,000 after purchasing an additional 5,870 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Lithium Americas (Argentina) during the 2nd quarter worth about $31,000. Legacy Capital Group California Inc. bought a new position in Lithium Americas (Argentina) during the 3rd quarter valued at about $36,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Lithium Americas (Argentina) in the second quarter valued at about $36,000. 49.17% of the stock is owned by institutional investors and hedge funds.
About Lithium Americas (Argentina)
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Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.
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