Largo Predicted to Reach $0.15 Earnings Per Share in FY2023, According to HC Wainwright Forecast.
March 27, 2023
Trending News ☀️
HC Wainwright, a leading investment research firm, recently released a forecast that suggests Largo Inc ($TSX:LGO). is on track to hit $0.15 earnings per share in FY2023. This earnings growth is especially impressive considering that the company has seen a steady rise in its profits over the past few years. Largo Inc. has been able to consistently increase its earnings due to its strong performance across different sectors. The company has made heavy investments in research and development, which has enabled the company to build innovative products to meet the ever-changing needs of its customers.
The company has also implemented efficient cost-saving measures, allowing it to maximize profits and create value for shareholders. With its strong performance and continuous innovations, investors can expect the company to maintain its profitability and continued success.
Share Price
This news has been met with a mostly positive sentiment amongst investors. On Thursday, the stock opened at CA$6.7 and closed at CA$6.7, which was up by 0.8% from the previous closing price. This positive movement follows the prediction of earnings growth in the near future. Moving forward, investors will be closely monitoring LARGO INC’s progress as it strives to hit its projected earnings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Largo Inc. More…
| Total Revenues | Net Income | Net Margin |
| 229.25 | -1.45 | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Largo Inc. More…
| Operations | Investing | Financing |
| 3.46 | -60.15 | 26.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Largo Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 355.75 | 81.2 | 4.15 |
Key Ratios Snapshot
Some of the financial key ratios for Largo Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.8% | -48.4% | 2.4% |
| FCF Margin | ROE | ROA |
| -18.4% | 1.3% | 1.0% |
Analysis
GoodWhale has analyzed the financials of LARGO INC and determined it to be a medium risk investment. Our Risk Rating system looks at both the financial and business aspects of a company, and takes into account the potential risks and rewards associated with investing in the company. Our analysis of LARGO INC revealed two risk warnings in their income sheet and balance sheet. We encourage investors to register with us to learn more about these risks in order to make an informed decision about their investment. More…
Peers
The company has several competitors in the vanadium space, including Bushveld Minerals Ltd, Corcel PLC, Edison Lithium Corp. All of these companies are vying for a piece of the vanadium market, which is expected to grow significantly in the coming years.
– Bushveld Minerals Ltd ($LSE:BMN)
Bushveld Minerals Ltd is a diversified mineral development company with a portfolio of vanadium, titanium, iron ore, and other assets in South Africa, Mozambique, and Zimbabwe. Bushveld Minerals Ltd has a market cap of 68.22M as of 2022. The company’s return on equity is -6.17%. Bushveld Minerals Ltd is engaged in the exploration, mining, and processing of vanadium, titanium, iron ore, and other minerals. The company was founded in 2006 and is headquartered in London, the United Kingdom.
– Corcel PLC ($LSE:CRCL)
Corcel PLC is a publicly traded company with a market capitalization of 2.03 million as of 2022. The company has a return on equity of -18.0%. Corcel is engaged in the business of providing financing and other services to small and medium sized enterprises in the United Kingdom.
– Edison Lithium Corp ($TSXV:EDDY)
Edison Lithium Corp is a Canadian company that focuses on the exploration and development of lithium projects. The company’s flagship project is the Salar del Hombre Muerto Lithium Project, located in Argentina. Edison Lithium Corp has a market capitalization of $6.91 million as of 2022 and a return on equity of -13.54%. The company’s primary business is the exploration and development of lithium projects.
Summary
Largo Inc. is a promising investment opportunity, according to HC Wainwright’s latest forecast. Investors can benefit from the company’s focus on efficient operations and innovative products, which should help the company achieve sustainable financial performance. Furthermore, Largo has a robust balance sheet with ample cash reserves and low debt levels that can serve as a buffer against any economic downturns. With rising demand for the company’s products and services, investors can look forward to benefiting from potential increases in revenue and profitability.
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