Largo (LGO, Financial) has reported notable advancements in its operational turnaround strategy, demonstrated by substantial production increases in May. The company's Maracas Menchen Mine saw a surge in vanadium pentoxide output, reaching 835 tons, marking a 75% rise from April's 401 tons. Similarly, ilmenite concentrate production increased to 3,025 tons, a 65% improvement over the April figure of 1,833 tons. These gains underscore the effectiveness of Largo's strategic measures aimed at stabilizing and enhancing operational efficiency.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Largo Inc (LGO, Financial) is $9.00 with a high estimate of $9.00 and a low estimate of $9.00. The average target implies an upside of 659.75% from the current price of $1.18. More detailed estimate data can be found on the Largo Inc (LGO) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Largo Inc's (LGO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Largo Inc (LGO, Financial) in one year is $2.16, suggesting a upside of 82.34% from the current price of $1.1846. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Largo Inc (LGO) Summary page.
