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Following a recent trading session, Largo Inc (NASDAQ:LGO) saw its stock price settle at $2.41, marking a modest 0.42% gain. Despite currently trading 192.95% below its 52-week high and 22.82% above its 52-week low, the company, valued at $154.36 million, has maintained an average daily trading volume of 84,640 shares over the past 10 days. Despite a loss of -44.34% over the last six months, Largo Inc has outshone industry performance with a remarkable year growth rate of 133.33%.
Analyst Consensus and Forecast
Analysts have rated Largo Inc an 'Overweight' stock, with a recommendation rating of 1.50. This suggests a positive sentiment, with three analysts advocating a 'Buy' and one rating it as a 'Hold'. The company's earnings per share (EPS) forecast stands at -$0.06.
Growth Prospects and Earnings
Looking forward, Largo Inc has augmented its revenue growth outlook for fiscal 2024. It expects current and next quarter growth to reach 75.00% and 300.00% respectively, with an estimated revenue of $47.1 million for the present quarter. Over the past five years, the company has demonstrated a solid annual earnings growth rate of 31.94%. Despite concerns over debt, there is anticipation of better dividends. The next earnings report is slated for release between January 22 and January 26.
Ownership and Institutional Holders
Insiders currently own 0.20% of Largo Inc shares, while institutions hold a significant 66.97% stake. The major institutional holders include Arias Resource Capital GP Ltd. and West Family Investments, Inc., holding 43.78% and 8.70% of shares outstanding, respectively. Mutual funds such as the GMO Resources Fund and the GMO Climate Change Fund also hold notable stakes in Largo Inc.
In its last earnings results issued on November 8th, 2023, Largo reported C($0.25) earnings per share for the quarter and revenue of C$59.01 million. The company has generated C($0.72) earnings per share over the last year and holds a recorded annual revenue of C$202.02 million.