HC Wainwright Has Bearish Forecast for Largo FY2024 Earnings

Largo Inc. (TSE:LGO) – HC Wainwright decreased their FY2024 EPS estimates for Largo in a report issued on Wednesday, November 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.79) for the year, down from their prior forecast of ($0.60). The consensus estimate for Largo’s current full-year earnings is $0.13 per share.

Largo Price Performance

The stock has a market cap of C$175.02 million, a PE ratio of -2.55, a PEG ratio of -0.76 and a beta of 2.09. The company has a debt-to-equity ratio of 41.04, a current ratio of 2.13 and a quick ratio of 1.52. The company’s 50-day moving average is C$2.75 and its two-hundred day moving average is C$2.63. Largo has a 12 month low of C$1.89 and a 12 month high of C$3.92.

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.