Largo (TSE:LGO) Earns Buy Rating From HC Wainwright

HC Wainwright reiterated their buy rating on shares of Largo (TSE:LGO – Get Rating) in a research report released on Friday. The brokerage currently has a C$19.00 price objective on the stock.

Largo Stock Up 4.0 %

Shares of LGO opened at C$8.89 on Friday. The company has a 50-day simple moving average of C$10.12 and a 200-day simple moving average of C$12.05. The firm has a market capitalization of C$576.29 million and a P/E ratio of 27.78. The company has a debt-to-equity ratio of 5.98, a quick ratio of 2.14 and a current ratio of 3.58. Largo has a 52 week low of C$8.17 and a 52 week high of C$21.53.

Largo (TSE:LGO – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$0.02 EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.02). The firm had revenue of C$54.07 million for the quarter, compared to analyst estimates of C$59.03 million. On average, equities research analysts expect that Largo will post 1.62 earnings per share for the current 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.

www.ferroalloynet.com