Lithium Americas (Argentina) Corp. (NYSE:LAAC – Free Report) – Equities researchers at National Bank Financial increased their FY2024 earnings per share estimates for shares of Lithium Americas (Argentina) in a research report issued on Wednesday, November 6th. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of ($0.08) for the year, up from their prior estimate of ($0.14). The consensus estimate for Lithium Americas (Argentina)’s current full-year earnings is ($0.06) per share. National Bank Financial also issued estimates for Lithium Americas (Argentina)’s FY2025 earnings at ($0.06) EPS.
Lithium Americas (Argentina) (NYSE:LAAC – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02).
Read Our Latest Analysis on Lithium Americas (Argentina)
Lithium Americas (Argentina) Price Performance
Shares of Lithium Americas (Argentina) stock opened at $3.42 on Monday. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $6.69. The firm has a market capitalization of $553.77 million, a PE ratio of 0.44 and a beta of 1.33. The company’s fifty day moving average price is $3.11 and its two-hundred day moving average price is $3.48.
Institutional Trading of Lithium Americas (Argentina)
Several hedge funds have recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in shares of Lithium Americas (Argentina) in the second quarter valued at $31,000. Fifth Third Bancorp increased its position in Lithium Americas (Argentina) by 67.9% in the 2nd quarter. Fifth Third Bancorp now owns 9,895 shares of the company’s stock valued at $32,000 after acquiring an additional 4,000 shares in the last quarter. Ping Capital Management Inc. bought a new position in shares of Lithium Americas (Argentina) in the second quarter worth about $35,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Lithium Americas (Argentina) during the second quarter worth approximately $36,000. Finally, Legacy Capital Group California Inc. acquired a new position in shares of Lithium Americas (Argentina) during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 49.17% of the company’s stock.
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.
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