HC Wainwright Has Bullish Forecast for Largo FY2025 Earnings

Largo Inc. (NYSE:LGO) – Research analysts at HC Wainwright upped their FY2025 earnings per share estimates for Largo in a research note issued on Wednesday, November 13th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.11 per share for the year, up from their prior estimate of $0.09. HC Wainwright currently has a “Buy” rating and a $4.20 target price on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.44) per share.

Largo Trading Down 3.9 %

NYSE LGO opened at $1.95 on Friday. Largo has a 12 month low of $1.38 and a 12 month high of $2.84. The stock has a market cap of $125.02 million, a P/E ratio of -2.44 and a beta of 1.75. The stock’s fifty day moving average price is $2.01 and its 200-day moving average price is $1.93. The company has a current ratio of 1.67, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Largo (NYSE:LGO) last released its earnings results on Tuesday, November 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. The company had revenue of $29.91 million during the quarter. During the same quarter in the prior year, the company posted ($0.19) earnings per share.

Institutional Investors Weigh In On Largo

Several institutional investors have recently modified their holdings of LGO. Renaissance Technologies LLC boosted its position in shares of Largo by 19.9% during the second quarter. Renaissance Technologies LLC now owns 43,900 shares of the company’s stock valued at $81,000 after buying an additional 7,300 shares during the last quarter. Herr Investment Group LLC bought a new position in Largo in the second quarter valued at about $370,000. Finally, XTX Topco Ltd bought a new position in Largo in the third quarter valued at about $32,000. 64.08% of the stock is owned by hedge funds and other institutional investors.

Largo Company Profile

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.