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Largo Resources
(TSX:LGO)
Largo Resources (LGO) vs. S&P 500 (SPY)
Largo Resources Business Overview & Revenue Model
Largo Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 144.82M | 198.68M | 229.25M | 198.28M | 119.99M | 107.18M | Gross Profit |
| -14.02M | 23.93M | 59.53M | 65.27M | 31.60M | 12.38M | EBIT |
| -46.02M | -16.28M | 16.97M | 36.97M | 18.80M | ― | EBITDA |
| -29.52M | 3.82M | 37.71M | 69.45M | 35.58M | 19.69M | Net Income Common Stockholders |
| -48.86M | -30.34M | -2.23M | 22.57M | 6.76M | ― |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.26M | 42.71M | 54.47M | 83.79M | 79.14M | 127.14M | Total Assets |
| 54.69M | 381.62M | 355.75M | 313.91M | 297.81M | 356.83M | Total Debt |
| 0.00 | 76.53M | 42.05M | 17.55M | 24.79M | 0.00 | Net Debt |
| -1.26M | 33.81M | -12.42M | -66.24M | -54.36M | -127.14M | Total Liabilities |
| 13.76M | 125.82M | 81.20M | 48.21M | 50.64M | 85.40M | Stockholders Equity |
| 40.93M | 248.65M | 265.39M | 265.70M | 247.16M | 271.43M |
| Cash Flow | Free Cash Flow | ||||
| -31.41M | -32.51M | -42.18M | 12.38M | -77.61M | 68.05M | Operating Cash Flow |
| 9.26M | 21.20M | 3.46M | 39.78M | -59.51M | 106.63M | Investing Cash Flow |
| -39.74M | -62.88M | -60.15M | -27.40M | -18.11M | ― | Financing Cash Flow |
| 22.22M | 29.13M | 26.43M | -6.90M | 30.23M | ― |
Largo Resources Technical Analysis
Largo Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$6.03B | 270.90 | 1.33% | 0.80% | 6.02% | ― | |
61 Neutral | $15.92B | 83.76 | 1.22% | ― | -13.79% | ― | |
54 Neutral | $138.48M | ― | -24.10% | ― | -36.34% | -66.53% | |
51 Neutral | C$20.08M | ― | -58.91% | ― | -83.85% | -24.32% | |
49 Neutral | C$18.45M | ― | -5.23% | ― | ― | -11500.00% | |
49 Neutral | $1.95B | -1.50 | -22.00% | 3.79% | 0.66% | -27.40% |
Largo Resources Earnings Call Summary
Largo Resources Corporate Events
Largo Resources reported a decrease in V2O5 production and sales in Q1 2025 compared to the previous year, attributed to mining lower-grade ore zones and operational adjustments. Despite the short-term impacts on production, the company is focused on its operational turnaround plans, which include increasing mined material and waste movement. The company has revised its annual production and sales guidance to reflect these operational challenges, but remains committed to improving performance and maintaining its market position.
Spark’s Take on TSE:LGO Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGO is a Neutral.
Largo Resources faces significant financial and market challenges, reflected in its declining revenues and profitability. While recent corporate events and strategic initiatives show potential for future growth, the current technical and valuation indicators suggest caution. The company must address its financial performance and market position to enhance investor confidence and improve stock performance.
To see Spark’s full report on TSE:LGO stock, click here.
Largo Resources reported a challenging financial year in 2024, with revenues declining by 37% compared to 2023 due to lower vanadium prices and market pressures. Despite these challenges, the company successfully implemented cost reduction measures, resulting in a significant decrease in operating costs and an improvement in adjusted cash operating costs per pound sold. The company also announced an operational turnaround plan to further optimize costs and enhance productivity at its Maracás Menchen Mine. The vanadium market faced downward pressure due to reduced demand and oversupply, impacting Largo’s financial performance. However, the company remains committed to improving its operational efficiency and market positioning.
Largo Resources, a company in the vanadium industry, has announced a strategic initiative aimed at enhancing its production capabilities. This move is expected to bolster its market position by improving operational efficiency and potentially increasing its market share. The initiative reflects Largo’s commitment to innovation and efficiency in response to evolving market demands.
Largo Inc. reported a slight decrease in vanadium pentoxide production and sales for 2024 compared to the previous year, largely due to scheduled maintenance and market conditions. Despite these challenges, the company remains within its production and sales guidance, with significant increases in mineral reserves and resources extending the mine’s life. The vanadium market saw decreased prices and softened demand in Europe and China, while the aerospace sector remains strong and the U.S. steel market stable. Looking ahead, 2025 is expected to see continued demand in the U.S. steel and aerospace sectors, with China’s energy storage driving future vanadium consumption.
Largo Inc. has finalized a joint venture with Stryten Energy to form Storion Energy, aimed at strengthening U.S. energy resilience and addressing long-duration energy storage needs. This partnership creates a fully integrated vanadium electrolyte supply chain in North America, enhancing grid stability and energy security. Storion will leverage Largo’s vanadium supply, LPV’s innovative electrolyte leasing model, and Stryten’s manufacturing capabilities to provide cost-competitive solutions, positioning Largo as a leading supplier in the vanadium flow battery market.