Scotiabank Analysts Decrease Earnings Estimates for LAR

Lithium Americas (Argentina) Corp. (NYSE:LAR) – Equities research analysts at Scotiabank lowered their FY2026 EPS estimates for Lithium Americas (Argentina) in a report released on Wednesday, November 12th. Scotiabank analyst B. Isaacson now anticipates that the company will earn $0.06 per share for the year, down from their previous forecast of $0.10. Scotiabank has a “Sector Perform” rating and a $4.25 price objective on the stock. The consensus estimate for Lithium Americas (Argentina)’s current full-year earnings is ($0.05) per share.

Lithium Americas (Argentina) (NYSE:LAR) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01).

Several other equities analysts also recently issued reports on LAR. BMO Capital Markets upped their price objective on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, October 8th. Finally, National Bankshares upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lithium Americas (Argentina) currently has an average rating of “Hold” and an average target price of $4.25.

Lithium Americas (Argentina) Trading Up 3.6%

Shares of NYSE:LAR opened at $4.34 on Thursday. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $5.47. The company’s fifty day moving average price is $3.93 and its 200 day moving average price is $2.97.

Institutional Trading of Lithium Americas (Argentina)

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in Lithium Americas (Argentina) in the 1st quarter valued at $1,064,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at about $41,000. Brown Advisory Inc. purchased a new stake in shares of Lithium Americas (Argentina) in the first quarter valued at about $215,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth about $108,000. Finally, Formidable Asset Management LLC purchased a new position in Lithium Americas (Argentina) during the first quarter worth about $779,000. 49.17% of the stock is owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Company Profile

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.