What is HC Wainwright’s Estimate for Largo FY2024 Earnings?

Largo Inc. (NYSE:LGO) – Analysts at HC Wainwright cut their FY2024 earnings 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 of ($0.61) per share for the year, down from their prior forecast of ($0.57). HC Wainwright has a “Buy” rating and a $3.70 price objective on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.57) per share. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.01 EPS.

Largo Trading Down 2.7 %

LGO opened at $1.81 on Monday. Largo has a fifty-two week low of $1.38 and a fifty-two week high of $2.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The firm has a market capitalization of $116.04 million, a price-to-earnings ratio of -2.26 and a beta of 1.70. The company’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $1.92.

Institutional Investors Weigh In On Largo

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Largo in the 3rd quarter valued at $32,000. Millennium Management LLC acquired a new position in shares of Largo during the 4th quarter valued at $74,000. Virtu Financial LLC acquired a new position in Largo during the fourth quarter worth $39,000. Finally, Sprott Inc. raised its holdings in Largo by 156.8% during the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock worth $1,749,000 after buying an additional 620,909 shares during the last quarter. 64.08% of the stock is owned by institutional investors.

Largo Company Profile

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.