Lithium Americas (Argentina) (LAAC) Projected to Post Quarterly Earnings on Wednesday

Lithium Americas (Argentina) (NYSE:LAAC) is projected to release its earnings data before the market opens on Wednesday, March 19th. Analysts expect Lithium Americas (Argentina) to post earnings of $0.03 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Lithium Americas (Argentina) Stock Up 2.3 %

LAAC stock opened at $2.23 on Monday. The company has a 50-day simple moving average of $2.59 and a 200 day simple moving average of $2.90. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $5.79. The company has a market capitalization of $361.11 million, a P/E ratio of 0.29 and a beta of 1.35.

Analysts Set New Price Targets

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.19.

About Lithium Americas (Argentina)

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.