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Largo Resources Ltd (LGO)
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Upturn Advisory Summary
01/09/2026: 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 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 91.41M 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 1.86 | 52 Weeks Range 0.85 - 2.70 | Updated Date 01/9/2026 |
52 Weeks Range 0.85 - 2.70 | Updated Date 01/9/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.99 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 189321565 | Price to Sales(TTM) 0.82 |
Enterprise Value 189321565 | Price to Sales(TTM) 0.82 | ||
Enterprise Value to Revenue 1.69 | Enterprise Value to EBITDA 35.51 | Shares Outstanding 83673905 | Shares Floating 50159425 |
Shares Outstanding 83673905 | Shares Floating 50159425 | ||
Percent Insiders 0.17 | Percent Institutions 55.62 |
Upturn AI SWOT
Largo Resources Ltd
Company Overview
History and Background
Largo Resources Ltd. is a Canadian company primarily focused on the mining and processing of vanadium. It was founded in 2005 and has since evolved to become a significant player in the vanadium market, particularly with its Maracu00e1s M1 mine in Brazil. Key milestones include the acquisition and development of the Maracu00e1s project and the commencement of production.
Core Business Areas
- Vanadium Production: Largo Resources Ltd.'s core business is the production of vanadium pentoxide (V2O5) from its Maracu00e1s M1 mine in Bahia, Brazil. This operation involves mining vanadium-rich titanomagnetite ore and processing it to produce high-purity V2O5, a critical component in steel alloys and emerging battery technologies.
- Vanadium Processing and Marketing: The company focuses on refining and marketing its vanadium products to global customers, primarily in the steel industry and increasingly in the energy storage sector.
Leadership and Structure
Largo Resources Ltd. is led by a management team with extensive experience in mining operations and corporate finance. The company is structured with operational assets in Brazil and corporate functions in Canada. Specific leadership details (CEO, Board of Directors) are subject to change and would require checking their latest investor relations information.
Top Products and Market Share
Key Offerings
- Vanadium Pentoxide (V2O5): Largo Resources Ltd.'s primary product is high-purity vanadium pentoxide. This is used extensively as an additive in steel to improve strength, toughness, and heat resistance. Increasingly, it is being utilized in vanadium redox flow batteries (VRFBs) for grid-scale energy storage. Competitors in the vanadium market include Glencore, Eurasian Resources Group (ERG), and Bushveld Minerals.
Market Dynamics
Industry Overview
The vanadium industry is driven by demand from the steel sector, where it is used as an alloying element. A growing segment is the energy storage market, specifically for VRFBs, which offer long-duration energy storage solutions. The market is characterized by a relatively concentrated supply base and significant price volatility.
Positioning
Largo Resources Ltd. is positioned as a significant producer of vanadium, particularly from its Brazilian operations. Its competitive advantages include its established production capacity, high-purity product, and increasing focus on the growing energy storage market. Its main challenge is navigating the cyclical nature of commodity prices and managing operational costs.
Total Addressable Market (TAM)
The TAM for vanadium is influenced by global steel production and the nascent but growing demand for energy storage solutions. While precise TAM figures fluctuate, the demand for vanadium in steel is in the tens of thousands of metric tons annually. The VRFB market, though smaller, has significant growth potential. Largo Resources Ltd. aims to capture a substantial portion of this market through its production capacity and strategic focus on battery-grade vanadium.
Upturn SWOT Analysis
Strengths
- Established vanadium production capacity at Maracu00e1s M1 mine.
- High-purity vanadium pentoxide product.
- Strategic focus on the growing vanadium redox flow battery market.
- Experienced management team in mining and operations.
- Vertically integrated operations from mining to production.
Weaknesses
- Dependence on commodity price fluctuations.
- Operational risks associated with mining in Brazil.
- Relatively smaller scale compared to some global competitors.
- Potential for higher production costs compared to some competitors.
Opportunities
- Growing demand for VRFBs for grid-scale energy storage.
- Increased use of vanadium in advanced steel alloys.
- Potential for expansion of production capacity.
- Strategic partnerships in the energy storage sector.
- Exploration and development of other vanadium deposits.
Threats
- Volatility in vanadium prices.
- Increased competition from existing and new producers.
- Changes in global steel demand.
- Environmental regulations and permitting challenges.
- Geopolitical risks affecting supply chains.
Competitors and Market Share
Key Competitors
- Glencore plc (GLNCY)
- Eurasian Resources Group (ERG) (Private Company)
- Bushveld Minerals Limited (BMK)
Competitive Landscape
Largo Resources Ltd. competes in a market dominated by larger, diversified mining companies like Glencore, as well as emerging players like Bushveld Minerals. Largo's advantage lies in its focused approach to vanadium and its commitment to serving the VRFB market. Challenges include competing on scale and cost with established producers and navigating the price volatility inherent in the commodity market.
Growth Trajectory and Initiatives
Historical Growth: Largo Resources Ltd.'s historical growth has been closely tied to the development and ramp-up of its Maracu00e1s M1 mine and the fluctuating demand for vanadium. The company has focused on establishing consistent production and improving operational efficiency.
Future Projections: Future projections for Largo Resources Ltd. are typically provided by financial analysts and are based on market demand forecasts for vanadium in steel and energy storage, as well as the company's production expansion plans and operational efficiency improvements. These projections would be available in analyst reports.
Recent Initiatives: Recent initiatives likely include efforts to optimize production at the Maracu00e1s M1 mine, explore opportunities in the VRFB market, and potentially secure strategic partnerships or financing to support growth.
Summary
Largo Resources Ltd. is a focused vanadium producer with a key operational asset in Brazil. The company's strengths lie in its high-purity product and its strategic push into the burgeoning vanadium redox flow battery market. However, it faces challenges from commodity price volatility, operational risks, and competition from larger players. Its future success hinges on capitalizing on the growth in energy storage and maintaining efficient, cost-effective production.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Largo Resources Ltd. Investor Relations website
- Financial news outlets (e.g., Bloomberg, Reuters)
- Industry analysis reports (e.g., Wood Mackenzie, Fastmarkets)
Disclaimers:
This information is for informational purposes only and does not constitute investment advice. Financial data and market share figures are estimates and subject to change. Users 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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