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Largo Resources
(TSX:LGO)
Largo Resources (LGO) vs. iShares MSCI Canada ETF (EWC)
Largo Resources Business Overview & Revenue Model
Largo Resources Earnings Call Summary
Largo Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.88M | 124.92M | 198.68M | 229.25M | 198.28M | 119.99M |
| Gross Profit | -25.16M | -20.90M | 23.93M | 59.53M | 65.27M | 31.60M |
| EBITDA | -13.82M | -33.11M | 3.82M | 37.71M | 69.45M | 35.58M |
| Net Income | -64.15M | -49.83M | -30.34M | -2.23M | 22.57M | 6.76M |
Balance Sheet | ||||||
| Total Assets | 321.99M | 318.67M | 381.62M | 355.75M | 313.91M | 297.81M |
| Cash, Cash Equivalents and Short-Term Investments | 8.22M | 22.11M | 42.71M | 54.47M | 83.79M | 79.14M |
| Total Debt | 105.90M | 17.50M | 76.53M | 42.05M | 17.55M | 24.79M |
| Total Liabilities | 185.84M | 147.44M | 125.82M | 81.20M | 48.21M | 50.64M |
| Stockholders Equity | 130.09M | 164.82M | 248.65M | 265.39M | 265.70M | 247.16M |
Cash Flow | ||||||
| Free Cash Flow | -29.37M | -31.07M | -32.51M | -42.18M | 12.38M | -77.61M |
| Operating Cash Flow | 8.45M | 11.16M | 21.20M | 3.46M | 39.78M | -59.51M |
| Investing Cash Flow | -36.83M | -42.23M | -62.88M | -60.15M | -27.40M | -18.11M |
| Financing Cash Flow | 5.97M | 12.04M | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
42 Neutral | C$151.17M | -9.30 | -144.30% | ― | ― | 34.36% | |
42 Neutral | C$120.16M | 48.65 | -9.76% | ― | ― | ― | |
41 Neutral | C$118.31M | 63.86 | -0.96% | ― | ― | -107.23% | |
38 Underperform | $101.33M | -1.95 | -39.64% | ― | -20.57% | -34.04% | |
34 Underperform | C$238.85M | -84.80 | -385.36% | ― | ― | -267.65% |
Largo Resources Corporate Events
On November 13, 2025, Largo Inc. announced a leadership transition with J. Alberto Arias and Daniel Tellechea appointed as co-Chief Executive Officers, effective immediately. Diogo Silva will become Chief Financial Officer on December 5, 2025, succeeding David Harris. This leadership change aims to guide Largo through its next phase of operations, focusing on cost reduction, revenue diversification, and debt refinancing. The transition is significant given the company’s strategic role in the vanadium supply chain, especially as 80% of the world’s vanadium is produced in China and Russia. Arias, who has been involved with Largo since 2010, brings extensive experience in investing and operational management, while Tellechea has been instrumental in reducing operating costs amidst market challenges.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Largo Inc. reported its financial results for the third quarter of 2025, showing an increase in revenues to $33.3 million compared to $29.9 million in Q3 2024, despite a net loss of $36.6 million primarily due to the derecognition of a deferred tax asset. The company improved its production and reduced operating costs, with adjusted cash operating costs excluding royalties decreasing to $3.03 per pound. Additionally, Largo secured a strategic supply agreement for vanadium electrolyte and battery stacks and raised $23.4 million through a direct offering and private placement. The company is also expanding its ilmenite production capacity and has deferred debt repayments with Brazilian lenders, positioning itself to better navigate geopolitical challenges and market dynamics.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Largo Inc. reported its unaudited financial results for the three and nine months ended September 30, 2025, showing a decrease in revenues compared to the previous year. The company’s financial position reflects challenges with increased liabilities and a reduced equity base, which may impact its operational strategies and stakeholder interests.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
On October 15, 2025, Largo Inc. announced a securities purchase agreement with institutional investors in the U.S. for approximately $23.4 million through a registered direct offering and private placement. The agreement includes the issuance of common shares and warrants, with a significant portion involving Arias Resource Capital, an affiliate of the company’s largest shareholder. This move is part of Largo’s strategy to address its financial difficulties, as the company seeks a financial hardship exemption from the TSX to proceed without shareholder approval. The offering, expected to close around October 22, 2025, aims to improve Largo’s financial standing and involves a secured convertible bridge loan from Arias Resource Capital.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Largo Inc. has successfully closed a registered direct offering and a concurrent private placement, raising a total of US$23.4 million. The funds will be used to support the company’s principal operating subsidiary, Largo Vanádio de Maracás S.A., by sustaining working capital and facilitating payments to lenders and suppliers. This financial maneuver is crucial as the company faces liquidity constraints that are impacting production rates at its Maracás Menchen Mine. The Toronto Stock Exchange granted Largo a Financial Hardship Exemption, allowing it to proceed with the offering without the usual shareholder approvals, highlighting the company’s urgent need to improve its financial situation.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Largo Inc. has announced a US$23.4 million offering consisting of a registered direct offering and a private placement to address liquidity constraints and meet equity contribution requirements for a debt rollover agreement. The proceeds will be used to pay Brazilian lenders and suppliers, impacting the company’s production rates due to current financial challenges.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Largo Inc. has secured a binding term sheet with five Brazilian lenders to defer $84.2 million in principal debt payments until March 2026, with a potential extension to September 2026. This agreement is contingent on Largo raising at least C$30 million by November 2025. The deferral provides Largo with additional time to restructure its debt, potentially strengthening its financial position and operational flexibility. This development reflects the lenders’ support and could positively impact Largo’s strategic initiatives and stakeholder confidence.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.
Largo Resources reports sustained production levels of vanadium pentoxide and ilmenite, with ongoing expansion efforts in its ilmenite plant expected to increase capacity significantly by the end of 2025. However, the company faces challenges due to increased U.S. tariffs on high purity vanadium imports and liquidity issues, leading to delayed deliveries and contract renegotiations. Largo is actively seeking financing solutions and lobbying for tariff exemptions to mitigate these impacts, while also exploring strategic alternatives for its tungsten projects to unlock value.
The most recent analyst rating on (TSE:LGO) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Largo Resources stock, see the TSE:LGO Stock Forecast page.