Largo Inc. (NYSE:LGO) Forecasted to Earn FY2025 Earnings of $0.11 Per Share

Largo Inc. (NYSE:LGO) – Equities researchers at HC Wainwright issued their FY2025 EPS estimates for Largo in a research note issued on Wednesday, May 1st. HC Wainwright analyst H. Ihle forecasts that the company will earn $0.11 per share for the year. HC Wainwright currently has a “Buy” rating and a $4.70 target price on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.06) per share.

Largo Trading Up 2.5 %

Shares of NYSE:LGO opened at $1.67 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.23 and a quick ratio of 1.78. Largo has a 1 year low of $1.38 and a 1 year high of $5.40. The company has a market cap of $106.96 million, a P/E ratio of -3.22 and a beta of 1.68. The stock’s fifty day moving average price is $1.65 and its 200-day moving average price is $2.01.

Largo (NYSE:LGO) last released its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $44.17 million during the quarter. Largo had a negative net margin of 16.29% and a negative return on equity of 12.02%.

Hedge Funds Weigh In On Largo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank bought a new stake in shares of Largo in the third quarter worth approximately $36,000. Sprott Inc. bought a new stake in Largo in the 3rd quarter worth approximately $59,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Largo during the 3rd quarter valued at $99,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Largo by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock valued at $210,000 after buying an additional 22,437 shares during the period. Institutional investors own 64.08% of the company’s stock.

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.