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Largo Resources Ltd (LGO)
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Upturn Advisory Summary
12/08/2025: LGO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $2.9
1 Year Target Price $2.9
| 0 | Strong Buy |
| 3 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -77.96% | Avg. Invested days 18 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 85.81M USD | Price to earnings Ratio - | 1Y Target Price 2.9 |
Price to earnings Ratio - | 1Y Target Price 2.9 | ||
Volume (30-day avg) 3 | Beta 1.88 | 52 Weeks Range 0.85 - 2.70 | Updated Date 12/8/2025 |
52 Weeks Range 0.85 - 2.70 | Updated Date 12/8/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.99 |
Earnings Date
Report Date 2025-11-13 | When - | Estimate -0.08 | Actual -0.57 |
Profitability
Profit Margin -57.33% | Operating Margin (TTM) -7.33% |
Management Effectiveness
Return on Assets (TTM) -2.32% | Return on Equity (TTM) -38.41% |
Valuation
Trailing PE - | Forward PE 7.83 | Enterprise Value 182299186 | Price to Sales(TTM) 0.77 |
Enterprise Value 182299186 | Price to Sales(TTM) 0.77 | ||
Enterprise Value to Revenue 1.63 | Enterprise Value to EBITDA 35.51 | Shares Outstanding 83313022 | Shares Floating 50111103 |
Shares Outstanding 83313022 | Shares Floating 50111103 | ||
Percent Insiders 0.15 | Percent Institutions 55.85 |
Upturn AI SWOT
Largo Resources Ltd
Company Overview
History and Background
Largo Resources Ltd. was founded in 2005 and has evolved into a significant player in the vanadium market. The company's primary focus is the exploration, development, and production of vanadium. A key milestone was the commissioning and ramp-up of its Maracu00e1s Menchen Mine in Bahia, Brazil, which is a cornerstone of its operations.
Core Business Areas
- Vanadium Production: Largo Resources' core business revolves around the mining and processing of vanadium-rich ore. Their flagship asset, the Maracu00e1s Menchen Mine, is dedicated to the production of high-purity vanadium pentoxide (V2O5).
- Vanadium Conglomerate (VC) Project: In addition to its existing V2O5 operations, Largo is developing the Vanadium Conglomerate Project (VCP) in the Brazilian state of Paranu00e1. This project aims to extract vanadium from a unique conglomerate deposit, diversifying its resource base and future production potential.
Leadership and Structure
Largo Resources Ltd. is led by a management team with expertise in mining operations and corporate finance. The company is structured to oversee its mining assets, exploration activities, and corporate functions, with a focus on efficient resource extraction and value creation for shareholders.
Top Products and Market Share
Key Offerings
- Vanadium Pentoxide (V2O5): Largo's primary product is high-purity V2O5, a critical component in the production of steel alloys (ferrovanadium) and increasingly in vanadium redox flow batteries (VRFBs) for energy storage. The global market for V2O5 is competitive, with major players in China, Russia, and Australia. Largo's Maracu00e1s Menchen mine is one of the largest and lowest-cost vanadium producers globally.
Market Dynamics
Industry Overview
The vanadium industry is characterized by its use in steelmaking, where it significantly enhances strength and durability. A growing segment for vanadium is in VRFBs, offering long-duration energy storage solutions for grid stability and renewable energy integration. The demand for vanadium is influenced by global infrastructure development, automotive production, and the transition to cleaner energy technologies.
Positioning
Largo Resources is positioned as a leading global producer of vanadium, particularly noted for its low-cost operations at the Maracu00e1s Menchen Mine. The company's strategic focus on expanding its V2O5 production and developing the Vanadium Conglomerate Project enhances its competitive edge. Its involvement in the burgeoning VRFB market provides a growth avenue.
Total Addressable Market (TAM)
The TAM for vanadium is substantial and growing, driven by both traditional steel applications and the emerging energy storage sector. While precise TAM figures vary, estimates for the global vanadium market often run into billions of dollars annually. Largo Resources, as a significant producer of V2O5, aims to capture a meaningful share of this market, particularly in regions with high demand for its products.
Upturn SWOT Analysis
Strengths
- World-class, low-cost vanadium operations at Maracu00e1s Menchen Mine.
- Significant vanadium reserves and resources.
- Experienced management team with operational expertise.
- Diversifying into the growing energy storage market with VRFBs.
- Strategic location of assets in Brazil.
Weaknesses
- Dependence on commodity prices which can be volatile.
- Geopolitical risks associated with operating in Brazil.
- Capital-intensive nature of mining operations.
- Reliance on a single primary commodity (vanadium).
Opportunities
- Increasing demand for vanadium in VRFBs for grid-scale energy storage.
- Growth in steel production driven by global infrastructure projects.
- Potential for expansion of V2O5 production capacity.
- Development of the Vanadium Conglomerate Project to diversify resource base.
- Technological advancements in vanadium applications.
Threats
- Fluctuations in global vanadium prices.
- Competition from other major vanadium producers.
- Environmental regulations and permitting challenges.
- Economic downturns impacting steel demand.
- Development of alternative materials that could substitute vanadium.
Competitors and Market Share
Key Competitors
- Glencore (GLNCY)
- Bushveld Minerals Limited (BMN)
- Allegheny Technologies Incorporated (ATI)
Competitive Landscape
Largo Resources competes in a market dominated by a few large players, primarily in China and Russia, in addition to Glencore and others. Largo's competitive advantage lies in its low-cost production and its strategic focus on the growing VRFB market. However, it faces challenges from price volatility and the established market positions of its larger rivals.
Growth Trajectory and Initiatives
Historical Growth: Largo's historical growth has been marked by the successful development and ramp-up of its Maracu00e1s Menchen Mine, significantly increasing its vanadium production capacity. Expansion and optimization efforts have been key drivers.
Future Projections: Future growth for Largo is projected to be driven by increased vanadium demand, particularly from the energy storage sector, and the successful development of new projects like the Vanadium Conglomerate Project. Analyst estimates would typically focus on production volumes, cost efficiencies, and market price forecasts.
Recent Initiatives: Recent initiatives likely include efforts to increase operational efficiency, explore opportunities in the VRFB market through strategic partnerships or investments, and advance the development of new vanadium resources.
Summary
Largo Resources Ltd. is a significant global vanadium producer with a strong operational base. Its strengths lie in its low-cost production and growing involvement in the energy storage market, presenting significant growth opportunities. However, it must navigate commodity price volatility, geopolitical risks, and intense competition. Continued focus on operational efficiency and strategic market penetration will be crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company reports and investor presentations (Largo Resources Ltd.)
- Industry analysis reports
- Financial news outlets and market data providers
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Largo Resources Ltd
Exchange NASDAQ | Headquaters Toronto, ON, Canada | ||
IPO Launch date 2007-07-13 | Co-CEO & Executive Chairman Mr. Jesus Alberto Arias | ||
Sector Basic Materials | Industry Other Industrial Metals & Mining | Full time employees 500 | Website https://www.largoinc.com |
Full time employees 500 | Website https://www.largoinc.com | ||
Largo Inc. engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through six segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Clean Energy and Largo Physical Vanadium. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications. The company offers renewable energy storage solutions through Largo Clean Energy. Its products are sourced from vanadium deposits at the Maracás Menchen Mine in Brazil. The company was formerly known as Largo Resources Ltd. and changed its name to Largo Inc. in November 2021. The company was incorporated in 1988 and is headquartered in Toronto, Canada.
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