HC Wainwright Has Positive Outlook of Largo FY2025 Earnings

Largo Inc. (NYSE:LGO) – Equities research analysts at HC Wainwright lifted their FY2025 earnings estimates for shares of Largo in a research report issued to clients and investors on Wednesday, November 13th. HC Wainwright analyst H. Ihle now forecasts that the company will earn $0.11 per share for the year, up from their previous forecast of $0.09. HC Wainwright currently has a “Buy” rating and a $4.20 price target on the stock. The consensus estimate for Largo’s current full-year earnings is ($0.44) per share.

Largo Stock Performance

LGO opened at $2.03 on Friday. Largo has a twelve month low of $1.38 and a twelve month high of $2.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.67. The company has a 50-day moving average price of $2.01 and a 200 day moving average price of $1.92.

Institutional Trading of Largo

An institutional investor recently raised its position in Largo stock. Renaissance Technologies LLC increased its stake in shares of Largo Inc. (NYSE:LGO) by 19.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,900 shares of the company’s stock after purchasing an additional 7,300 shares during the period. Renaissance Technologies LLC owned approximately 0.07% of Largo worth $81,000 at the end of the most recent reporting period. 64.08% of the stock is currently owned by institutional investors and hedge funds.

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.