Equities Analysts Issue Forecasts for LAAC FY2024 Earnings

Lithium Americas (Argentina) Corp. (NYSE:LAAC) – Research analysts at Cormark issued their FY2024 earnings estimates for Lithium Americas (Argentina) in a research report issued on Monday, January 20th. Cormark analyst S. Gill expects that the company will post earnings per share of ($0.08) 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 ($0.05) per share. Cormark also issued estimates for Lithium Americas (Argentina)’s FY2025 earnings at ($0.02) EPS.

Lithium Americas (Argentina) Price Performance

Shares of Lithium Americas (Argentina) stock opened at $2.74 on Wednesday. The company has a market cap of $442.88 million, a PE ratio of 0.35 and a beta of 1.35. The firm has a fifty day moving average price of $3.03 and a two-hundred day moving average price of $3.00. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $5.79.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in Lithium Americas (Argentina) by 37.1% in the 3rd quarter. Tidal Investments LLC now owns 350,534 shares of the company’s stock valued at $1,143,000 after buying an additional 94,775 shares during the period. Sanctuary Advisors LLC bought a new stake in Lithium Americas (Argentina) in the third quarter valued at about $40,000. Virtu Financial LLC acquired a new position in Lithium Americas (Argentina) in the third quarter worth about $317,000. Barclays PLC lifted its stake in Lithium Americas (Argentina) by 30.1% during the third quarter. Barclays PLC now owns 92,438 shares of the company’s stock worth $301,000 after purchasing an additional 21,388 shares during the period. Finally, McCarthy Asset Management Inc. acquired a new stake in Lithium Americas (Argentina) during the third quarter valued at approximately $49,000. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Company Profile

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.