HC Wainwright Has Negative Outlook of Largo FY2024 Earnings

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

Largo Trading Down 4.5 %

Shares of LGO stock opened at C$2.73 on Monday. Largo has a 12-month low of C$1.89 and a 12-month high of C$3.92. The company has a market capitalization of C$175.02 million, a PE ratio of -2.55, a price-to-earnings-growth ratio of -0.76 and a beta of 2.09. The firm has a 50 day moving average price of C$2.75 and a two-hundred day moving average price of C$2.63. The company has a quick ratio of 1.52, a current ratio of 2.13 and a debt-to-equity ratio of 41.04.

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.