Lithium Argentina AG (NYSE:LAR – Free Report) – Analysts at Stifel Canada reduced their FY2026 earnings per share (EPS) estimates for shares of Lithium Argentina in a research report issued to clients and investors on Thursday, May 15th. Stifel Canada analyst C. Mcgill now anticipates that the company will earn $0.19 per share for the year, down from their prior forecast of $0.24. The consensus estimate for Lithium Argentina’s current full-year earnings is ($0.05) per share.
A number of other brokerages have also recently issued reports on LAR. Scotiabank dropped their price objective on Lithium Argentina from $3.50 to $3.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. National Bankshares dropped their price target on Lithium Argentina from $3.75 to $3.50 and set a “sector perform” rating on the stock in a research note on Wednesday, March 19th.
Lithium Argentina Trading Down 0.5%
Shares of Lithium Argentina stock opened at $1.90 on Monday. Lithium Argentina has a 12-month low of $1.73 and a 12-month high of $5.07. The company has a market cap of $307.61 million, a PE ratio of 0.24 and a beta of 1.36. The business’s 50 day moving average is $2.10.
Lithium Argentina (NYSE:LAR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03).
Institutional Investors Weigh In On Lithium Argentina
A number of large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Lithium Argentina in the 1st quarter valued at $9,308,000. Hancock Prospecting Pty Ltd bought a new stake in Lithium Argentina in the 1st quarter valued at $5,368,000. CenterBook Partners LP bought a new stake in Lithium Argentina in the 1st quarter valued at $4,613,000. Woodline Partners LP bought a new stake in Lithium Argentina in the 1st quarter valued at $3,456,000. Finally, Invesco Ltd. bought a new stake in Lithium Argentina in the 1st quarter valued at $3,307,000. Institutional investors own 49.17% of the company’s stock.
About Lithium Argentina
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.
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