Lithium Argentina AG’s shares fell 1.3% to trade at C$9.30 on Wednesday, extending declines from its 52-week high of C$16.46 while remaining well above the year’s low of C$4.12.
The stock is trading below both its 50-day and 200-day moving averages, with a beta of approximately 2.4, reflecting heightened volatility relative to the broader market.
Scotiabank analyst B. Isaacson downgraded the company’s FY2026 earnings per share forecast to a loss of $0.17, a significant downward revision from a prior estimate of a $0.44 gain. The bank also projected a loss of $0.23 per share for FY2027. Deutsche Bank and Scotiabank had previously reduced price targets in mid-August, contributing to the downward pressure on the stock.
Corporate developments included the board’s approval of a subscription of up to $180 million in six-year convertible bonds issued by Lithium Argentina, alongside a formalized joint venture with Ganfeng Lithium on the Pastos Grandes lithium project. The Cauchari-Olaroz mine, a key asset, is currently operating near full capacity and generated strong free cash flow in the second quarter.
The broader market showed weakness, with the S&P 500 down 0.4% and the NASDAQ declining 0.9%.
