Largo Resources Stock Today

LGO Stock  CAD 2.11  0.05  2.43%   

Performance

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Odds Of Distress

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Largo Resources is selling at 2.11 as of the 28th of March 2024; that is 2.43 percent increase since the beginning of the trading day. The stock's open price was 2.06. Largo Resources has 48 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Largo Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Largo Resources Ltd., a natural resource company, engages in the acquisition, exploration, development, and operation of mining and exploration properties in Brazil and Canada. Largo Resources Ltd. was incorporated in 1988 and is headquartered in Toronto, Canada. The company has 64.05 M outstanding shares of which 1.08 M shares are now shorted by private and institutional investors with about 34.18 days to cover all short positions. More on Largo Resources

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Largo Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Largo Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Largo Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOPaulo Misk
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors)
Largo Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Largo Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Largo Resources' financial leverage. It provides some insight into what part of Largo Resources' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Largo Resources' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Largo Resources deploys its capital and how much of that capital is borrowed.
Liquidity
Largo Resources cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 42.05 M in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Largo Resources has a current ratio of 3.01, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Largo Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Largo Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Largo Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Largo to invest in growth at high rates of return. When we think about Largo Resources' use of debt, we should always consider it together with cash and equity.

Capital Expenditures

30.77 Million
Largo Resources (LGO) is traded on Toronto Exchange in Canada and employs 533 people. Largo Resources is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 135.15 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Largo Resources's market, we take the total number of its shares issued and multiply it by Largo Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Largo Resources operates under Metals & Mining sector and is part of Materials industry. The entity has 64.05 M outstanding shares of which 1.08 M shares are now shorted by private and institutional investors with about 34.18 days to cover all short positions. Largo Resources has accumulated about 78.22 M in cash with 21.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
Check Largo Resources Probability Of Bankruptcy
Ownership Allocation
Largo Resources maintains a total of 64.05 Million outstanding shares. Over half of Largo Resources' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Largo Resources. Please watch out for any change in the institutional holdings of Largo Resources as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Largo Ownership Details

Largo Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Largo Resources jumping above the current price in 90 days from now is roughly 96.0%. The Largo Resources probability density function shows the probability of Largo Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Largo Resources has a beta of -0.7226. This indicates as returns on benchmark increase, returns on holding Largo Resources are expected to decrease at a much lower rate. During the bear market, however, Largo Resources is likely to outperform the market. Additionally, largo Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 2.11HorizonTargetOdds Above 2.11
3.67%90 days
 2.11 
96.31%
Based on a normal probability distribution, the odds of Largo Resources to move above the current price in 90 days from now is roughly 96.0 (This Largo Resources probability density function shows the probability of Largo Stock to fall within a particular range of prices over 90 days) .

Largo Resources Historical Income Statement

Largo Resources Income Statement is one of the three primary financial statements used for reporting Largo's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Largo Resources revenue and expense. Largo Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Largo Resources' EBIT is very stable compared to the past year. As of the 28th of March 2024, Cost Of Revenue is likely to grow to about 183.5 M, while Interest Expense is likely to drop about 5 M. View More Fundamentals

Largo Stock Against Markets

Picking the right benchmark for Largo Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Largo Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Largo Resources is critical whether you are bullish or bearish towards Largo Resources at a given time. Please also check how Largo Resources' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Largo Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Largo Resources Corporate Directors

Largo Resources corporate directors refer to members of a Largo Resources board of directors. The board of directors generally takes responsibility for the Largo Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Largo Resources' board members must vote for the resolution. The Largo Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Koko YamamotoIndependent DirectorProfile
Sam AbrahamDirectorProfile
Jonathan LeeIndependent DirectorProfile
Daniel TellecheaIndependent DirectorProfile

How to buy Largo Stock?

Before investing in Largo Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Largo Resources. To buy Largo Resources stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Largo Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Largo Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Largo Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Largo Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Largo Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Largo Stock please use our How to Invest in Largo Resources guide.

Already Invested in Largo Resources?

The danger of trading Largo Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Largo Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Largo Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Largo Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Largo Resources offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Largo Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Largo Resources Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Largo Resources Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Largo Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Largo Stock, please use our How to Invest in Largo Resources guide.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Largo Resources' price analysis, check to measure Largo Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Largo Resources is operating at the current time. Most of Largo Resources' value examination focuses on studying past and present price action to predict the probability of Largo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Largo Resources' price. Additionally, you may evaluate how the addition of Largo Resources to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Largo Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Largo Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Largo Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.