HC Wainwright Has Bearish Outlook for Largo FY2025 Earnings

Largo Inc. (NYSE:LGO) – Equities research analysts at HC Wainwright cut their FY2025 earnings estimates for shares of Largo in a note issued to investors on Tuesday, April 1st. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.15) per share for the year, down from their previous forecast of $0.01. HC Wainwright currently has a “Buy” rating and a $3.90 target price on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.61) per share.

Largo Price Performance

Shares of LGO stock opened at $1.44 on Thursday. The firm’s 50 day moving average price is $1.80 and its two-hundred day moving average price is $1.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67. Largo has a 52-week low of $1.38 and a 52-week high of $2.84. The stock has a market cap of $92.32 million, a PE ratio of -1.80 and a beta of 1.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sprott Inc. lifted its stake in Largo by 156.8% in the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock valued at $1,749,000 after buying an additional 620,909 shares during the period. Millennium Management LLC bought a new stake in shares of Largo in the 4th quarter valued at about $74,000. Virtu Financial LLC acquired a new stake in shares of Largo in the 4th quarter valued at approximately $39,000. Finally, XTX Topco Ltd bought a new position in Largo during the 3rd quarter worth approximately $32,000. 64.08% of the stock is currently 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.