Largo Resources Ltd. (NYSE:LGO) Expected to Announce Earnings of $0.37 Per Share

Equities analysts expect that Largo Resources Ltd. (NYSE:LGO) will report earnings of $0.37 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Largo Resources’ earnings. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 11th.

On average, analysts expect that Largo Resources will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.05 to $1.01. For the next financial year, analysts expect that the company will report earnings of $1.10 per share, with EPS estimates ranging from $0.59 to $1.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Largo Resources.

Largo Resources (NYSE:LGO) last issued its quarterly earnings data on Wednesday, May 12th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.10).

Several research analysts have commented on LGO shares. Morgan Stanley upgraded shares of Largo Resources from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.60 to $36.00 in a report on Monday, April 19th. HC Wainwright decreased their price objective on shares of Largo Resources from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday, May 17th.

NYSE LGO traded up $0.59 during trading on Friday, hitting $15.71. The company had a trading volume of 5,890 shares, compared to its average volume of 121,857. Largo Resources has a one year low of $5.75 and a one year high of $18.71.

About Largo Resources

Largo Resources Ltd. operates as a natural resource development and exploration company in Brazil and Canada. It explores for vanadium, iron, tungsten, and molybdenum deposits. The company's principal operating asset is its 100% owned Maracás Menchen mine covering an area of 17,690.5 hectares located in the eastern Bahia State of Brazil.

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