FY2024 Earnings Forecast for Lithium Americas (Argentina) Corp. Issued By National Bank Financial (NYSE:LAAC)

Lithium Americas (Argentina) Corp. (NYSE:LAAC) – Analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Lithium Americas (Argentina) in a note issued to investors on Wednesday, August 14th. National Bank Financial analyst M. Sidibe now expects that the company will earn ($0.14) per share for the year, up from their previous estimate of ($0.26). National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Lithium Americas (Argentina)’s current full-year earnings is $0.07 per share. National Bank Financial also issued estimates for Lithium Americas (Argentina)’s FY2025 earnings at ($0.07) EPS.

Other equities research analysts also recently issued research reports about the stock. National Bankshares set a $6.00 price objective on shares of Lithium Americas (Argentina) and gave the stock a “sector perform” rating in a report on Thursday, June 6th. Stifel Nicolaus decreased their target price on Lithium Americas (Argentina) from $18.50 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Hsbc Global Res upgraded shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Wednesday, August 14th. HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Scotiabank lowered 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 research report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $8.21.

Lithium Americas (Argentina) Trading Down 3.4 %

Shares of NYSE LAAC opened at $2.55 on Monday. Lithium Americas has a 12-month low of $2.26 and a 12-month high of $8.79. The company has a market cap of $411.14 million, a PE ratio of 0.32 and a beta of 1.35. The stock has a 50 day simple moving average of $3.07 and a 200-day simple moving average of $4.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in Lithium Americas (Argentina) in the 4th quarter worth about $69,000. Mackenzie Financial Corp acquired a new position in Lithium Americas (Argentina) during the fourth quarter worth $363,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Lithium Americas (Argentina) during the fourth quarter worth $254,000. Panview Asian Equity Master Fund bought a new position in Lithium Americas (Argentina) during the fourth quarter valued at about $5,584,000. Finally, Truist Financial Corp acquired a new stake in shares of Lithium Americas (Argentina) in the fourth quarter worth about $239,000. 49.17% of the stock is owned by hedge funds and other 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.