Lithium Americas (Argentina) (LAAC) Set to Announce Earnings on Tuesday

Lithium Americas (Argentina) (NYSE:LAAC) will be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Lithium Americas (Argentina) to post earnings of ($0.02) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Lithium Americas (Argentina) (NYSE:LAAC) last released its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, analysts expect Lithium Americas (Argentina) to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lithium Americas (Argentina) Stock Performance

LAAC stock opened at $3.62 on Friday. The stock has a market capitalization of $586.15 million, a P/E ratio of 0.46 and a beta of 1.33. Lithium Americas has a one year low of $2.07 and a one year high of $6.69. The company has a 50 day moving average price of $3.03 and a two-hundred day moving average price of $3.54.

Analysts Set New Price Targets

LAAC has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Wednesday, August 14th. Scotiabank lowered their target price on shares of Lithium Americas (Argentina) from $8.00 to $4.25 and set a “sector outperform” rating for the company in a research note on Thursday, August 15th. Finally, HSBC raised shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lithium Americas (Argentina) currently has an average rating of “Moderate Buy” and an average price target of $7.05.

About Lithium Americas (Argentina)

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.