LGO:TSX; LGO:NASDAQ

Largo Inc.

Largo has a long and successful history as one of the world's preferred vanadium companies through the supply of its VPURE™ and VPURE+™ products, which are sourced from one of the world's highest-grade vanadium deposits at the Company's Maracás Menchen Mine in Brazil.

Aiming to enhance value creation at Largo, the Company is in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations in addition to advancing its U.S.-based clean energy division with its VCHARGE vanadium batteries. Largo's VCHARGE vanadium batteries contain a variety of innovations, enabling an efficient, safe and ESG-aligned long duration solution that is fully recyclable at the end of its 25+ year lifespan.

Producing some of the world's highest quality vanadium, Largo's strategic business plan is based on two pillars: 1.) vanadium production from its operations in Brazil and 2.) energy storage business in the U.S. to support a low carbon future through its clean energy division.

Largo Inc. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Co.'s Drilling Causes Production Drop, Cost Rise in Q1/23

Research Report
  ()
This Canadian vanadium firm revised its guidance for this year, noted a Paradigm Capital report.
Tags:  Battery Metals

Why Analysts Believe This Vanadium Co. Is a Buy

  ()
An important western vanadium producer is on analysts' radar as it looks to increase production of the battery metal and start up its new ilmenite plant.
Tags:  Critical MetalsAlternative - CleantechBattery Metals

Vanadium Co. Builds Bridges Across the Atlantic

  ()
Largo Inc. has built relationships with European energy infrastructure. Click here to read about how the company plans to expand into new markets.
Tags:  Alternative - CleantechBattery Metals

Vanadium Company Reports Plans for 2023

  ()
With vanadium demand on the rise, we take a look at one vanadium company's 2022 full-year operational and sales results as well as expert opinions about where this company is headed in 2023.
Tags:  Clean EnergyBattery Metals

Vanadium Co. Has Two-Pillar Strategy and Multiple Catalysts

  ()
In conjunction with the release of its third-quarter report, Largo Inc. reported record high-purity vanadium production. Read more to hear what analysts are saying about this stock and the multiple catalysts the company has set for the future.
Tags:  Critical MetalsBattery Metals

'Strong Operational Performance into Year-end Bodes Well' for Vanadium Firm

Research Report
  ()
Largo Resources' Q4/19 results and 2020 guidance are reviewed in a CIBC research report. read more >

More Articles


Expert Comments:

Michael Heim, Noble Capital Markets

(5/12/23)
"We believe Largo Inc.'s vanadium production will return to peak levels and the ilmenite project investment will provide attractive cash-on-cash returns. Meanwhile, industry fundamentals continue to improve."

SP Angel

(5/11/23)
"Largo Inc.'s Q1/23 revenues came in at $57.4M (Q1/22: $42.7M) driven by higher sold volumes (+28% year over year) and realized prices (+5%). Average realized prices and operating cash costs (ex royalties) were $9.14/lb and $5.15/lb (Q1/22: $8.67/lb and $3.97/lb)."

Michael Heim, Noble Capital Markets

(5/11/23)
"Largo Inc.'s construction of an ilmenite concentration plant is expected to be completed in Q2/23 with commissioning and ramp-up to follow. We look for the plant to begin contributing to revenues by 2023E. . .we continue our Outperform rating."

Michael Heim, Noble Capital Markets

(4/19/23)
"Largo Inc. may report positive operating income, EBITDA and earnings in Q1/23. Such an accomplishment would be impressive given negative operating headwinds in the quarter. . .we maintain our Outperform rating."

Bryce Adams, CIBC World Markets

(4/18/23)
"Largo Inc. reported Q1/23 production of 2,111 tons V2O5, in line with our expectation of 2,130 tons. . .sales of 2,649 tons, excluding sales of purchased vanadium, were slightly ahead of our 2,600 ton estimate. . .vanadium concentrate grades were 2.99%, and global recovery was 83.0%, mostly in line with our estimates."

Michael Heim, Noble Capital Markets

(3/15/23)
"Largo Inc. expects to begin producing ilmenite in June. . .the company's movement into ilmenite and potentially titanium dioxide could accelerate growth. . .we continue to believe the long-term prospects for Largo and its stock price remain favorable and reiterate our Outperform rating."

More Expert Comments

Experts Following This Company

Bryce Adams – CIBC World Markets
Carlos de Alba – Morgan Stanley
headshot of Heiko Ihle
 		Heiko Ihle, Managing Director – H.C. Wainwright & Co.
Alexander Jackson – RBC Capital Markets
Gordon Lawson, Research Associate – Paradigm Capital

Company News 

5/10/2023 – Largo Reports First Quarter 2023 Financial Results and Provides Update to 2023 Operational and Sales Outlook

4/18/2023 – Largo Reports First Quarter 2023 Operational and Sales Results; Installation of its 6.1 MWh Vanadium Flow Battery and Construction of its Ilmenite Plant Nears Completion

3/28/2023 – Argus Research Initiates Equity Research Report Coverage on Largo Inc. (NasdaqGS: LGO, TSX: LGO)

3/9/2023 – Largo Reports Fourth Quarter and Full Year 2022 Financial Results; Highlights Recent Strength in the Vanadium Market and Progress on its Two-Pillar Strategy as a Tier 1 Vanadium Supplier and Emerging Clean Energy Battery Producer

Important Disclosures
Largo Inc. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

Streetwise Company Fact Sheet

2023/6/2 4:43:15

(LGO:TSX - LGO:NASDAQ)

Analyst coverage

CIBC World Markets — Bryce Adams
Morgan Stanley — Carlos de Alba
H.C. Wainwright & Co. — Heiko Ihle
RBC Capital Markets — Alexander Jackson
Paradigm Capital — Gordon Lawson

Company News

View Latest News

Streetwise Reports Articles

05/25/2023 - View Article
05/25/2023 - View Article
04/27/2023 - View Article
02/06/2023 - View Article
01/13/2023 - View Article

Streetwise - Largo Inc. Ownership Overview*

Largo Inc. (TSX:LGO;NASDAQ:LGO)

*Share Structure as of 1/20/2023
Investing Highlights
 
 Profitable vanadium business with an emerging battery division
 
 Large and growing TAM for Largo's product offering
 
 Significantly undervalued compared to mining and battery peers
catalyst Calendar
Q4
2023
173% more vanadium needed by 2050 with a 41% CAGR for VRFBs by 2031
Q4
2023
Mine with $2.0 billion after-tax NPV and $4.2 billion after-tax LOM cash flow
Q4
2023
Opportunity for rerating based on the expected development of Largo's growth plans
Largo Inc. Content
go
Corporate Presentation

go
Capital 10X Deep Dive Report