Largo Inc (LGO) Q3 2024 Earnings Call Highlights: Record Vanadium Production and Strategic ... [Yahoo! Finance]
Largo Inc. - Common Shares (LGO)
Company Research
Source: Yahoo! Finance
Largo Inc ( NASDAQ:LGO ) achieved its highest quarterly vanadium production in seven quarters, with a 42% increase from the previous year. Operating costs were reduced by 31%, maintaining a competitive position within the vanadium sector. A new vanadium supply agreement is expected to unlock approximately $23.5 million of additional liquidity. The company reported a 67% increase in mineral reserves and a 64% increase in mineral resources, extending mine life to 2054. Largo Inc ( NASDAQ:LGO ) is implementing a refreshed sales strategy to optimize inventory and strengthen customer relationships. Revenues were impacted by lower vanadium prices and reduced sales volumes, with a net loss of $10.1 million for Q3. The average benchmark price per pound of vanadium decreased significantly from the previous year. Q4 production is expected to be lower due to maintenance, resulting in higher operating costs. The company continues to face significant headwinds in the vanadium mark
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LGO
News
- Largo Inc. (NYSE: LGO) had its price target lowered by analysts at HC Wainwright from $4.40 to $4.20. They now have a "buy" rating on the stock.MarketBeat
- Largo Resources Basic GAAP EPS of -$0.16, revenue of $29.9M [Seeking Alpha]Seeking Alpha
- Largo Reduces Operating Costs by 31% in Q3 2024 Financial Results; Maintains Leading Cost Position in Global Vanadium Sector [Yahoo! Finance]Yahoo! Finance
- Largo Reduces Operating Costs by 31% in Q3 2024 Financial Results; Maintains Leading Cost Position in Global Vanadium SectorBusiness Wire
- Largo to Release its Third Quarter 2024 Financial Results on Tuesday, November 12, 2024Business Wire
LGO
Analyst Actions
- 10/22/24 - HC Wainwright
LGO
Sec Filings
- 11/13/24 - Form 6-K
- 11/12/24 - Form 6-K
- 10/31/24 - Form 6-K
- LGO's page on the SEC website