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Largo Resources (Otc) (LGO)
:LGO
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Earnings Data
Report Date
Mar 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.21Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -17.31%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with significant achievements in production and cost management but faced challenges due to lower vanadium prices and market demand. While operational efficiencies and strategic initiatives show promise for future growth, current financial performance is still under pressure from external market factors.Company Guidance
During the Q3 2024 earnings call for Largo, the company provided detailed guidance on several operational and financial metrics. They reported their highest quarterly vanadium production in seven quarters, reaching 3,072 tonnes, a 42% increase compared to Q3 2023. Operating costs were reduced by 31%, dropping from $44 million in the previous year to $29.5 million this quarter, with cash operating costs excluding royalties at $3.12 per pound sold, a 43% decrease. Their net loss improved to $10.1 million, including $3.3 million in nonrecurring items, compared to a $11.9 million loss the previous year. Additionally, Largo announced a vanadium supply agreement expected to unlock $23.5 million in liquidity. The company also highlighted a 67% increase in mineral reserves and a 64% increase in mineral resources, projecting a mine life extending to 2054. Despite ongoing challenges in vanadium prices, the strategic initiatives and production efficiencies position Largo to capitalize on future opportunities.Record Vanadium Production
Largo delivered its highest quarterly vanadium production in 7 quarters, producing 3,072 tonnes, up 42% from Q3 last year.
Cost Reduction Achievements
Operating costs decreased by 31% from $44 million in Q3 2023 to $29.5 million in Q3 2024, and cash operating costs, excluding royalties, were reduced by 43%.
Ilmenite Production Increase
Ilmenite production reached 16,383 tonnes, an increase of 90% over the previous quarter.
Increase in Mineral Reserves and Resources
A 67% increase in mineral reserves and a 64% increase in mineral resources were reported, expanding mine life to 2054.
Successful Ilmenite Sales
Ilmenite sales totaled 19,572 tonnes, a 60% increase over Q2 2024.
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LGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.08 | $2.05 | -1.44% |
| Aug 08, 2024 | $1.95 | $1.78 | -8.72% |
| May 16, 2024 | $1.62 | $1.67 | +3.09% |
| Mar 21, 2024 | $1.66 | $1.58 | -4.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Largo Resources (Otc) (LGO) report earnings?
Largo Resources (Otc) (LGO) is schdueled to report earning on Mar 21, 2025, TBA Not Confirmed.
What is Largo Resources (Otc) (LGO) earnings time?
Largo Resources (Otc) (LGO) earnings time is at Mar 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LGO EPS forecast?
LGO EPS forecast for the fiscal quarter 2024 (Q4) is -0.07.
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