HC Wainwright Issues Pessimistic Forecast for Largo Earnings

Largo Inc. (NYSE:LGO) – Analysts at HC Wainwright cut their FY2025 earnings estimates for Largo in a research report issued on Tuesday, April 1st. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.15) per share for the year, down from their prior estimate 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 Stock Performance

NYSE:LGO opened at $1.60 on Thursday. Largo has a 1-year low of $1.38 and a 1-year high of $2.84. The firm has a 50-day moving average of $1.81 and a two-hundred day moving average of $1.90. 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 stock has a market cap of $102.58 million, a P/E ratio of -2.00 and a beta of 1.69.

Hedge Funds Weigh In On Largo

Several institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Largo in the third quarter worth about $32,000. Virtu Financial LLC acquired a new stake in Largo in the fourth quarter worth $39,000. Millennium Management LLC bought a new stake in Largo in the 4th quarter valued at about $74,000. Finally, Sprott Inc. raised its holdings in shares of Largo by 156.8% during 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 last quarter. 64.08% of the stock is currently owned by hedge funds and other institutional investors.

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.