Research Analysts Issue Forecasts for LAR FY2025 Earnings

Lithium Americas (Argentina) Corp. (NYSE:LAR) – Investment analysts at Stifel Canada raised their FY2025 EPS estimates for Lithium Americas (Argentina) in a report issued on Tuesday, August 12th. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings per share of ($0.02) for the year, up from their prior estimate of ($0.03). The consensus estimate for Lithium Americas (Argentina)’s current full-year earnings is ($0.05) per share.

Lithium Americas (Argentina) (NYSE:LAR) last announced its earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03).

Several other research firms also recently commented on LAR. National Bank Financial upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. National Bankshares upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $2.90 to $4.50 in a research note on Tuesday, August 12th. Scotiabank reiterated a “sector perform” rating and set a $3.50 price objective (up from $3.00) on shares of Lithium Americas (Argentina) in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on shares of 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.

Lithium Americas (Argentina) Price Performance

Shares of LAR opened at $3.33 on Friday. Lithium Americas has a twelve month low of $1.71 and a twelve month high of $3.96. The company has a 50 day moving average price of $2.52.

Institutional Investors Weigh In On Lithium Americas (Argentina)

Several institutional investors and hedge funds have recently made changes to their positions in LAR. Stratos Wealth Advisors LLC purchased a new position in shares of Lithium Americas (Argentina) during the second quarter worth $28,000. Sandhill Capital Partners LLC purchased a new position in shares of Lithium Americas (Argentina) during the first quarter worth $29,000. JPMorgan Chase & Co. purchased a new position in Lithium Americas (Argentina) in the second quarter valued at $37,000. HighTower Advisors LLC purchased a new position in Lithium Americas (Argentina) in the first quarter valued at $40,000. Finally, Diversify Advisory Services LLC purchased a new position in Lithium Americas (Argentina) in the second quarter valued at $40,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

About Lithium Americas (Argentina)

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.