Cormark Analysts Increase Earnings Estimates for LAR

Lithium Americas (Argentina) Corp. (NYSE:LAR) – Cormark increased their FY2026 earnings estimates for shares of Lithium Americas (Argentina) in a note issued to investors on Tuesday, November 18th. Cormark analyst M. Whale now forecasts that the company will earn $0.11 per share for the year, up from their prior forecast of $0.10. Cormark currently has a “Moderate Buy” rating 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 posted its quarterly earnings results on Monday, November 10th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01).

Other analysts also recently issued research reports about the stock. National Bank Financial raised shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. Scotiabank upped their target price on shares of Lithium Americas (Argentina) from $3.50 to $4.25 and gave the stock a “sector perform” rating in a report on Wednesday, November 12th. Zacks Research upgraded Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.25.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE LAR traded up $0.18 during midday trading on Thursday, hitting $5.61. 880,564 shares of the stock traded hands, compared to its average volume of 1,789,268. Lithium Americas has a one year low of $1.71 and a one year high of $5.66. The business has a 50 day moving average price of $4.06 and a two-hundred day moving average price of $3.05. The company has a market cap of $910.50 million and a PE ratio of -11.22.

Institutional Trading of Lithium Americas (Argentina)

A number of institutional investors and hedge funds have recently modified their holdings of LAR. Seldon Capital LP purchased a new position in Lithium Americas (Argentina) in the third quarter worth $6,076,000. SIH Partners LLLP purchased a new position in shares of Lithium Americas (Argentina) in the 3rd quarter worth about $57,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Lithium Americas (Argentina) by 4.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 96,068 shares of the company’s stock worth $321,000 after buying an additional 4,272 shares during the last quarter. Millennium Management LLC grew its position in Lithium Americas (Argentina) by 214.3% during the third quarter. Millennium Management LLC now owns 406,728 shares of the company’s stock valued at $1,357,000 after buying an additional 277,300 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Lithium Americas (Argentina) during the third quarter worth about $231,000. 49.17% of the stock is owned by hedge funds and other institutional investors.

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.