Lithium Americas (Argentina) (LAAC) to Release Quarterly Earnings on Monday

Lithium Americas (Argentina) (NYSE:LAAC) will issue its quarterly earnings data after the market closes on Monday, May 13th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Lithium Americas (Argentina) (NYSE:LAAC) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. 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) Trading Down 0.2 %

Shares of NYSE LAAC opened at $5.12 on Monday. The firm’s 50 day moving average price is $5.09 and its 200-day moving average price is $5.29. Lithium Americas has a 52-week low of $3.84 and a 52-week high of $8.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 9.16 and a current ratio of 9.16. The company has a market cap of $824.83 million, a PE ratio of 0.64 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LAAC. BMO Capital Markets cut their target price on Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Scotiabank raised Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price objective on the stock in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $9.00 to $6.50 in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.70.

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.