Brokers Issue Forecasts for Largo Inc.’s FY2025 Earnings (NYSE:LGO)

Largo Inc. (NYSE:LGO) – Stock analysts at HC Wainwright issued their FY2025 earnings per share (EPS) estimates for shares of Largo in a research report issued on Wednesday, May 1st. HC Wainwright analyst H. Ihle forecasts that the company will post earnings of $0.11 per share for the year. HC Wainwright currently has a “Buy” rating and a $4.70 price target on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.06) per share.

Largo Price Performance

Largo stock opened at $1.67 on Thursday. The stock has a market capitalization of $106.96 million, a P/E ratio of -3.22 and a beta of 1.68. The company’s fifty day moving average price is $1.65 and its 200 day moving average price is $2.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.78 and a current ratio of 3.23. Largo has a 1 year low of $1.38 and a 1 year high of $5.40.

Largo (NYSE:LGO) last issued its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) EPS for the quarter. The business had revenue of $44.17 million during the quarter. Largo had a negative net margin of 16.29% and a negative return on equity of 12.02%.

Hedge Funds Weigh In On Largo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Largo during the 3rd quarter worth about $99,000. Russell Investments Group Ltd. increased its stake in Largo by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock worth $210,000 after buying an additional 22,437 shares in the last quarter. Sprott Inc. acquired a new position in shares of Largo during the third quarter valued at approximately $59,000. Finally, Toronto Dominion Bank acquired a new position in shares of Largo during the third quarter valued at approximately $36,000. 64.08% of the stock is owned by hedge funds and other institutional investors.

About Largo

Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.