FY2024 Earnings Forecast for LAAC Issued By Cormark

Posted by Emily Schoerning on Jan 22nd, 2025

Lithium Americas (Argentina) Corp. (NYSE:LAAC – Free Report) – Cormark issued their FY2024 earnings estimates for shares of Lithium Americas (Argentina) in a research note issued on Monday, January 20th. Cormark analyst S. Gill anticipates that the company will post earnings of ($0.08) per share for the year. Cormark currently 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) Price Performance

Shares of LAAC opened at $2.87 on Wednesday. Lithium Americas has a 1-year low of $2.07 and a 1-year 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. The firm’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $3.00.

Institutional Trading of Lithium Americas (Argentina)

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Capital Group California Inc. purchased a new position in Lithium Americas (Argentina) in the third quarter worth $36,000. Vanguard Personalized Indexing Management LLC bought a new stake in Lithium Americas (Argentina) during the second quarter worth about $36,000. Sanctuary Advisors LLC purchased a new position in shares of Lithium Americas (Argentina) in the 3rd quarter worth about $40,000. McCarthy Asset Management Inc. bought a new position in shares of Lithium Americas (Argentina) during the 3rd quarter valued at about $49,000. Finally, XTX Topco Ltd purchased a new position in shares of Lithium Americas (Argentina) during the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

About Lithium Americas (Argentina)

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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.