What is Cormark’s Forecast for LAAC FY2024 Earnings?

Lithium Americas (Argentina) Corp. (NYSE:LAAC) – Equities researchers at Cormark issued their FY2024 EPS estimates for Lithium Americas (Argentina) in a note issued to investors on Monday, January 20th. Cormark analyst S. Gill forecasts that the company will post earnings per share of ($0.08) for the year. Cormark 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. Cormark also issued estimates for Lithium Americas (Argentina)’s FY2025 earnings at ($0.02) EPS.

Lithium Americas (Argentina) Stock Down 4.4 %

Shares of LAAC opened at $2.74 on Wednesday. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $5.79. The company’s fifty day moving average is $3.03 and its 200-day moving average is $3.00. The firm has a market cap of $442.88 million, a price-to-earnings ratio of 0.35 and a beta of 1.35.

Institutional Trading of Lithium Americas (Argentina)

Several large investors have recently made changes to their positions in LAAC. General Motors Holdings LLC acquired a new stake in Lithium Americas (Argentina) in the 3rd quarter worth approximately $48,907,000. Intact Investment Management Inc. lifted its stake in shares of Lithium Americas (Argentina) by 47.3% in the third quarter. Intact Investment Management Inc. now owns 510,200 shares of the company’s stock worth $1,671,000 after buying an additional 163,800 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Lithium Americas (Argentina) by 16.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,365 shares of the company’s stock worth $10,615,000 after buying an additional 426,419 shares during the period. Barclays PLC grew its stake in Lithium Americas (Argentina) by 30.1% in the 3rd quarter. Barclays PLC now owns 92,438 shares of the company’s stock valued at $301,000 after buying an additional 21,388 shares during the last quarter. Finally, Decade Renewable Partners LP grew its stake in Lithium Americas (Argentina) by 102.7% in the 2nd quarter. Decade Renewable Partners LP now owns 547,625 shares of the company’s stock valued at $1,752,000 after buying an additional 277,500 shares during the last quarter. Institutional investors 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.