Largo Resources Ltd's latest earnings report reveals significant challenges as the company continues to navigate a tough market environment.
Largo Resources Ltd (LGO.TO) reported its second quarter earnings after the market closed on August 14, 2026. The results showed a notable miss against analysts' expectations, raising further questions about the company's operational efficiency and market positioning.
Recent earnings trend
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Largo Resources Ltd
LGO.TO
LGO.TO
Largo Resources Ltd
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Market cap
$101.34M
52W high
$3.71
52W low
$0.79
1W change
+1.01%
Beta
2.31
Analyst Price Targets
Based on analyst covering LGO
Wall Street analysts forecast LGO stock price to rise 200.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.00
+200.0% Upside
Current Price
C$1.00
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on LGO's historical volatility
30-Day Vol
86.3%
Annualized
90-Day Vol
80.4%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.84
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$0.94 | C$0.70 โ C$1.27 |
| 60 trading days | C$0.89 | C$0.58 โ C$1.35 |
| 90 trading days | C$0.84 | C$0.50 โ C$1.40 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-11 | โ | 0.0600 | โ |
| 2026-06-30 | 2026-08-14 | -0.2900 | -0.2100 | -38.1% |
| 2026-03-31 | 2026-05-13 | -0.3068 | 0.0200 | -1634.0% |
| 2025-09-30 | 2025-11-12 | -0.7851 | -0.0800 | -881.4% |
| 2025-06-30 | 2025-08-08 | -0.1224 | -0.1100 | -11.3% |
| 2025-03-31 | 2025-05-14 | -0.0800 | -0.1400 | +42.9% |
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Investor takeaway: With a reported EPS of -$0.29 against an estimate of -$0.21, Largo's disappointing earnings reflect ongoing struggles in the vanadium market. Investors should consider the implications of this performance on the company's future growth prospects, especially in light of its leadership transition.
EPS Miss of 38.1% Signals Ongoing Struggles
Largo's EPS of -$0.29 fell short of the -$0.21 estimate, marking a continued trend of earnings misses over the last four quarters, with no instances of beating estimates.
Bull case
Largo's new Co-CEO, James Bannantine, has a strong background in turning around mining companies. His experience could help improve operational efficiencies and drive strategic growth initiatives. The company's focus on high-purity vanadium production and investments in energy storage might set it up for a recovery in the future.
Bear case
The significant earnings miss, along with a history of underperformance, raises doubts about Largo's ability to effectively execute its turnaround strategy. The market may remain cautious until we see real improvements in their financial results.
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