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Loma Negra (NYSE:LOMA) Compañía Industrial Argentina Sociedad Anónima (LOMA), a leading cement manufacturer in Argentina with a market capitalization of $1.34 billion, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report was submitted to the U.S. Securities and Exchange Commission (SEC) in compliance with its obligations under the Securities Exchange Act of 1934. According to InvestingPro data, the company has demonstrated robust performance with a 59.86% return over the past year.
The Form 20-F filing, which is a requirement for foreign private issuers in the United States, provides a comprehensive overview of the company’s financial performance, including audited financial statements and management’s discussion of the fiscal year. The document offers investors insight into Loma Negra’s operations, financial condition, and future prospects. InvestingPro analysis shows the company maintains a strong financial health score of 3.25 (rated as GREAT), with earnings per share of $1.28 for the last twelve months.
Loma Negra, listed under the Central Index Key 0001711375, operates within the hydraulic cement industry (SIC Code 3241) and is recognized for its manufacturing capabilities. The company’s business address is located in Buenos Aires, Argentina.
As per the SEC filing, the company has confirmed adherence to the 1934 Act’s requirements by submitting the report electronically. The Chief Financial Officer of Loma Negra, Marcos I. Gradin, has signed off on the filing, ensuring that the information contained within is accurate to the best of his knowledge.
Investors and stakeholders can access the annual report to obtain detailed information about Loma Negra’s financial health and strategic direction. The filing is a routine disclosure that aims to maintain transparency with the market and provide the necessary data for informed investment decisions. For deeper insights, InvestingPro subscribers can access additional financial metrics, 10+ exclusive ProTips, and a comprehensive Pro Research Report, which transforms complex Wall Street data into actionable intelligence. The company’s next earnings report is scheduled for May 6, 2025.
The information for this article is based on a press release statement.
In other recent news, Loma Negra Compania Industrial Argentina SA has received an upgrade from BofA Securities, which has revised its rating from Neutral to Buy. The firm also increased its price target for the company from $11.50 to $14.00. This upgrade is linked to a series of positive developments that BofA Securities believes will benefit Loma Negra. The analyst at BofA anticipates a reset in macroeconomic policy, the removal of foreign exchange controls, and an economic recovery in the coming years. Specifically, they project economic growth of 5% for the current year and 3.5% for 2026. Additionally, BofA expects a robust recovery in cement volume growth for Loma Negra, forecasting a 10% increase in 2025 and 8% in 2026. The firm also sees significant investment opportunities in Argentina, particularly in oil, copper, lithium, and other commodities. These projections reflect a positive view of Loma Negra’s potential amid Argentina’s changing economic environment.
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