HC Wainwright Has Pessimistic View of Largo FY2024 Earnings

Largo Inc. (TSE:LGOFree Report) – HC Wainwright cut their FY2024 EPS estimates for shares of Largo in a report released on Wednesday, November 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.79) for the year, down from their previous forecast of ($0.60). The consensus estimate for Largo’s current full-year earnings is $0.13 per share.

Largo Price Performance

Largo stock opened at C$2.85 on Monday. The business’s fifty day moving average is C$2.77 and its two-hundred day moving average is C$2.64. The company has a debt-to-equity ratio of 41.04, a quick ratio of 1.52 and a current ratio of 2.13. The firm has a market cap of C$182.71 million, a P/E ratio of -2.66, a P/E/G ratio of -0.76 and a beta of 2.09. Largo has a 52 week low of C$1.89 and a 52 week high of C$3.92.

About Largo

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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.

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