What is HC Wainwright’s Estimate for Largo FY2025 Earnings?

Largo Inc. (NYSE:LGO) – Research analysts at HC Wainwright reduced their FY2025 earnings per share estimates for Largo in a report released on Thursday, November 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.84) per share for the year, down from their prior forecast of ($0.26). HC Wainwright has a “Buy” rating and a $2.90 price objective on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.61) per share.

Largo Stock Performance

NYSE LGO opened at $0.96 on Monday. The stock has a fifty day simple moving average of $1.47 and a 200-day simple moving average of $1.42. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The stock has a market cap of $79.98 million, a PE ratio of -1.20 and a beta of 1.50. Largo has a twelve month low of $0.89 and a twelve month high of $2.70.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft purchased a new stake in shares of Largo in the 1st quarter valued at approximately $77,000. Russell Investments Group Ltd. boosted its position in shares of Largo by 75.9% during the 1st quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company’s stock worth $466,000 after purchasing an additional 124,604 shares during the period. Sprott Inc. increased its holdings in Largo by 5.4% in the 1st quarter. Sprott Inc. now owns 1,072,056 shares of the company’s stock valued at $1,726,000 after purchasing an additional 55,247 shares during the last quarter. XTX Topco Ltd acquired a new stake in Largo in the 2nd quarter valued at approximately $46,000. Finally, Banco BTG Pactual S.A. purchased a new stake in Largo in the second quarter valued at approximately $61,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.

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.