HC Wainwright Reiterates “Buy” Rating For Largo

Largo (TSE:LGO – Get Rating)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research note issued to investors on Friday. They presently have a C$19.00 price target on the stock. HC Wainwright’s price target indicates a potential upside of 89.05% from the stock’s current price.
Largo Price Performance
Shares of TSE LGO opened at C$10.05 on Friday. The stock’s 50-day moving average is C$9.34 and its two-hundred day moving average is C$11.67. The company has a debt-to-equity ratio of 5.96, a current ratio of 3.09 and a quick ratio of 1.41. Largo has a 1-year low of C$8.17 and a 1-year high of C$18.77. The company has a market cap of C$651.49 million and a price-to-earnings ratio of 30.45.
Largo (TSE:LGO – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.02). The business had revenue of C$54.07 million during the quarter, compared to the consensus estimate of C$59.03 million. Analysts forecast that Largo will post 1.61 EPS for the current fiscal year.
About Largo
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. 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.