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

Lithium Americas (Argentina) (NYSE:LAAC) will post 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Lithium Americas (Argentina) (NYSE:LAAC) last posted its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share 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) Trading Up 4.0 %

NYSE:LAAC opened at $3.62 on Friday. The firm has a market capitalization of $586.15 million, a price-to-earnings ratio of 0.46 and a beta of 1.33. The firm’s fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.54. Lithium Americas has a twelve month low of $2.07 and a twelve month high of $6.69.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LAAC shares. Scotiabank cut their price objective on shares of Lithium Americas (Argentina) from $8.00 to $4.25 and set a “sector outperform” rating on the stock in a report on Thursday, August 15th. HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, Hsbc Global Res upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lithium Americas (Argentina) currently has an average rating of “Moderate Buy” and an average target price 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.