Lithium Americas (Argentina) (LAAC) to Release Earnings on Tuesday

Lithium Americas (Argentina) (NYSE:LAAC) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 13th. Analysts expect Lithium Americas (Argentina) to post earnings of ($0.01) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Lithium Americas (Argentina) (NYSE:LAAC) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.10). During the same period in the prior year, the company earned ($0.04) earnings per share. On average, analysts expect Lithium Americas (Argentina) to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lithium Americas (Argentina) Price Performance

NYSE:LAAC opened at $2.39 on Monday. The firm has a market capitalization of $385.34 million, a price-to-earnings ratio of 0.30 and a beta of 1.35. The business has a 50 day simple moving average of $3.30 and a 200-day simple moving average of $4.31. Lithium Americas has a 1 year low of $2.26 and a 1 year high of $8.79.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LAAC shares. Stifel Nicolaus lowered their price target on Lithium Americas (Argentina) from $18.50 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. National Bankshares set a $6.00 price target on shares of Lithium Americas (Argentina) and gave the company a “sector perform” rating in a report on Thursday, June 6th. Finally, National Bank Financial raised shares of Lithium Americas (Argentina) to a “hold” rating in a research note on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.83.

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.