Largo Inc. (NYSE:LGO - Free Report) - Analysts at HC Wainwright dropped their FY2024 earnings estimates for Largo in a report released on Wednesday, February 12th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.61) per share for the year, down from their prior forecast 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 ($0.61) per share. HC Wainwright also issued estimates for Largo's FY2025 earnings at $0.01 EPS.
Largo Stock Performance
NYSE LGO traded down $0.06 during mid-day trading on Monday, reaching $1.83. 66,659 shares of the stock were exchanged, compared to its average volume of 166,611. The company has a market capitalization of $117.32 million, a P/E ratio of -2.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67. The business's 50 day moving average is $1.81 and its 200-day moving average is $1.92. Largo has a 1 year low of $1.38 and a 1 year high of $2.84.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Largo in the 3rd quarter valued at about $32,000. Virtu Financial LLC acquired a new position in shares of Largo during the 4th quarter worth approximately $39,000. Millennium Management LLC purchased a new position in shares of Largo during the 4th quarter valued at approximately $74,000. Finally, Sprott Inc. grew its stake in 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 acquiring an additional 620,909 shares during the period. Institutional investors and hedge funds own 64.08% of the company's stock.
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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