HC Wainwright Issues Pessimistic Outlook for Largo Earnings

Largo Inc. (TSE:LGO) – Equities research analysts at HC Wainwright reduced their FY2024 earnings per share estimates for Largo in a report issued on Wednesday, November 13th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.79) per share for the year, down from their prior estimate of ($0.60). The consensus estimate for Largo’s current full-year earnings is $0.13 per share.

Largo Trading Up 4.4 %

Shares of TSE LGO opened at C$2.85 on Monday. The company has a quick ratio of 1.52, a current ratio of 2.13 and a debt-to-equity ratio of 41.04. Largo has a twelve month low of C$1.89 and a twelve month high of C$3.92. The company’s fifty day moving average is C$2.77 and its 200-day moving average is C$2.64. The stock has a market cap of C$182.71 million, a price-to-earnings ratio of -2.66, a P/E/G ratio of -0.76 and a beta of 2.09.

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.