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

Largo Inc. (TSE:LGO) – Stock analysts at HC Wainwright dropped their FY2024 earnings estimates for Largo in a research note issued on Wednesday, November 13th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.79) for the year, down from their prior forecast of ($0.60). The consensus estimate for Largo’s current full-year earnings is $0.13 per share.

Largo Stock Performance

Shares of LGO opened at C$2.73 on Monday. The firm’s 50 day moving average price is C$2.75 and its two-hundred day moving average price is C$2.63. The company has a debt-to-equity ratio of 41.04, a quick ratio of 1.52 and a current ratio of 2.13. Largo has a twelve month low of C$1.89 and a twelve month high of C$3.92. The firm has a market cap of C$175.02 million, a P/E ratio of -2.55, a PEG ratio of -0.76 and a beta of 2.09.

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.