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

Largo Inc. (NYSE:LGO) – HC Wainwright dropped their FY2024 earnings per share estimates for shares of Largo in a research report issued to clients and investors on Wednesday, February 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.61) for the year, down from their previous estimate of ($0.57). HC Wainwright currently has a “Buy” rating and a $3.70 target price 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 3.9 %

NYSE:LGO opened at $1.74 on Monday. The stock’s 50 day moving average price is $1.81 and its 200 day moving average price is $1.92. The company has a market capitalization of $111.55 million, a PE ratio of -2.18 and a beta of 1.70. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. Largo has a 52-week low of $1.38 and a 52-week high of $2.84.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Largo during the 3rd quarter worth approximately $32,000. Virtu Financial LLC purchased a new position in shares of Largo in the 4th quarter valued at approximately $39,000. Millennium Management LLC purchased a new position in shares of Largo in the 4th quarter valued at approximately $74,000. Finally, Sprott Inc. grew its stake in shares of Largo by 156.8% in the 4th quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock valued at $1,749,000 after purchasing an additional 620,909 shares during the last quarter. Hedge funds and other institutional investors own 64.08% of the company’s stock.

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.