Lithium Americas (Argentina) Corp. Earnings Forecasted by National Bank Financial

On June 10th, 2024, analysts at National Bank Financial provided their earnings per share (EPS) estimates for Lithium Americas (Argentina) Corp. (NYSE:LAAC). According to the report issued on June 5th, analyst M. Sidibe predicts that the company will earn ($0.27) per share for the fiscal year 2024. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Lithium Americas (Argentina) Corp.’s current full-year earnings is $0.15 per share. Additionally, National Bank Financial forecasts earnings for fiscal years 2025, 2026, and 2027 at ($0.08) EPS, $0.08 EPS, and $0.27 EPS respectively.

Other analysts have also recently provided insights on the company. National Bankshares set a price target of $6.00 on Lithium Americas (Argentina) Corp. and gave the stock a “sector perform” rating. BMO Capital Markets and Stifel Nicolaus also issued their price targets and ratings, while Scotiabank upgraded the stock from “sector perform” to “sector outperform” with a price objective of $8.00.

Lithium Americas (Argentina) Corp. is currently trading down by 1.4% on the NYSE, with an opening price of $4.11. The company has a market capitalization of $662.57 million and a beta of 1.37. The stock’s 50-day moving average is $5.01, and its 200-day moving average is $5.11. The 1-year low for Lithium Americas (Argentina) Corp. is $3.84, and the high is $8.79.

In terms of recent financial performance, Lithium Americas (Argentina) Corp. reported earnings per share of ($0.06) for the quarter ending on May 13th. Hedge funds and institutional investors have shown interest in the company, with notable acquisitions of shares in different quarters.

Lithium Americas (Argentina) Corp. operates as a resource company, focusing on lithium deposits. The company’s projects include the Cauchari-Olaroz project in Argentina and other development and exploration stage projects in the region.

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