HC Wainwright Has Pessimistic View of Largo FY2024 Earnings

Largo Inc. (TSE:LGO) – Investment analysts at HC Wainwright lowered their FY2024 earnings per share estimates for shares of Largo in a research report issued on Wednesday, February 12th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.87) for the year, down from their previous estimate of ($0.79). The consensus estimate for Largo’s current full-year earnings is $0.13 per share. HC Wainwright also issued estimates for Largo’s FY2024 earnings at ($0.87) EPS and FY2025 earnings at $0.01 EPS.

Largo Stock Down 1.9 %

Shares of Largo stock opened at C$2.55 on Monday. The business’s fifty day moving average price is C$2.59 and its two-hundred day moving average price is C$2.68. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.67 and a quick ratio of 1.52. The company has a market capitalization of C$116.28 million, a P/E ratio of -2.35, a PEG ratio of -0.76 and a beta of 2.09. Largo has a 1-year low of C$1.89 and a 1-year high of C$3.92.

About Largo

Largo Inc is committed to the production and supply of high-quality vanadium products. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, primarily in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder.