What is Cormark’s Forecast for LAAC FY2024 Earnings?

Lithium Americas (Argentina) Corp. (NYSE:LAAC) – Analysts at Cormark issued their FY2024 earnings estimates for Lithium Americas (Argentina) in a report issued on Monday, January 20th. Cormark analyst S. Gill forecasts that the company will post earnings per share of ($0.08) for the year. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Lithium Americas (Argentina)’s current full-year earnings is ($0.06) per share. Cormark also issued estimates for Lithium Americas (Argentina)’s FY2025 earnings at ($0.02) EPS.

Lithium Americas (Argentina) Stock Down 4.5 %

Lithium Americas (Argentina) stock opened at $2.87 on Wednesday. The firm has a 50 day moving average price of $3.03 and a 200-day moving average price of $3.00. Lithium Americas has a twelve month low of $2.07 and a twelve month high of $5.79. The company has a market capitalization of $463.94 million, a P/E ratio of 0.37 and a beta of 1.35.

Hedge Funds Weigh In On Lithium Americas (Argentina)

Institutional investors and hedge funds have recently bought and sold shares of the company. General Motors Holdings LLC purchased a new position in shares of Lithium Americas (Argentina) during the 3rd quarter valued at $48,907,000. Van ECK Associates Corp lifted its holdings in Lithium Americas (Argentina) by 16.3% during the third quarter. Van ECK Associates Corp now owns 3,041,365 shares of the company’s stock valued at $10,615,000 after purchasing an additional 426,419 shares during the last quarter. M&G PLC increased its stake in shares of Lithium Americas (Argentina) by 11.2% in the third quarter. M&G PLC now owns 1,530,176 shares of the company’s stock worth $4,591,000 after purchasing an additional 154,067 shares in the last quarter. Decade Renewable Partners LP increased its stake in shares of Lithium Americas (Argentina) by 102.7% in the second quarter. Decade Renewable Partners LP now owns 547,625 shares of the company’s stock worth $1,752,000 after purchasing an additional 277,500 shares in the last quarter. Finally, Intact Investment Management Inc. raised its position in shares of Lithium Americas (Argentina) by 47.3% in the third quarter. Intact Investment Management Inc. now owns 510,200 shares of the company’s stock valued at $1,671,000 after purchasing an additional 163,800 shares during the period. 49.17% of the stock is 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.