H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Largo Resources (NASDAQ:LGO) on Monday, setting a price target of $24, which is approximately 52.77% above the present share price of $15.71.
Ihle expects Largo Resources to post earnings per share (EPS) of $0.07 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Largo Resources, with an average price target of $22.03.
The analysts price targets range from a high of $27.13 to a low of $16.44.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $39.8 million and a net profit of $6.44 million. The company's market cap is $1.01 billion.
According to TipRanks.com, H.C. Wainwright analyst Heiko Ihle is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 53.7% and a 74.00% success rate.
Largo Resources Ltd. engages in the exploration and development of vanadium and tungsten projects in Brazil and Canada. It focuses in the production of vanadium flake, purity vanadium flake and purity vanadium powder. The firm also holds interest in the maracás vanadium, currais novos tungsten tailings and campo alegre de lourdes iron-vanadium projects; and in northern dancer tungsten-molybdenum property located in the Yukon Territory. The company was founded on April 18, 1988 and is headquartered in Toronto, Canada.