Largo Inc. (NYSE:LGO) to Post FY2024 Earnings of ($0.06) Per Share, HC Wainwright Forecasts

Largo Inc. (NYSE:LGOFree Report) – Equities researchers at HC Wainwright issued their FY2024 earnings per share estimates for shares of Largo in a research note issued on Monday, March 25th. HC Wainwright analyst H. Ihle expects that the company will earn ($0.06) per share for the year. HC Wainwright has a “Buy” rating and a $4.60 price objective on the stock.

Largo Price Performance

Shares of NYSE LGO opened at $1.51 on Tuesday. The business has a fifty day moving average price of $1.89 and a two-hundred day moving average price of $2.26. The stock has a market capitalization of $96.72 million, a PE ratio of -2.96 and a beta of 1.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.97 and a quick ratio of 1.62. Largo has a fifty-two week low of $1.50 and a fifty-two week high of $5.44.

Institutional Investors Weigh In On Largo

A number of large investors have recently modified their holdings of the business. Swiss National Bank lifted its holdings in shares of Largo by 7.1% in the first quarter. Swiss National Bank now owns 84,710 shares of the company’s stock worth $1,072,000 after acquiring an additional 5,600 shares during the last quarter. Bank of Montreal Can boosted its position in Largo by 12.7% in the first quarter. Bank of Montreal Can now owns 20,439 shares of the company’s stock valued at $257,000 after buying an additional 2,308 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Largo by 133.9% during the first quarter. Cibc World Market Inc. now owns 52,822 shares of the company’s stock worth $671,000 after buying an additional 30,242 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Largo during the first quarter worth $187,000. Finally, Bridgewater Associates LP acquired a new position in shares of Largo during the first quarter worth $131,000. Institutional investors and hedge funds own 64.08% of the company’s stock.

About Largo

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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.

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