LGO

Company Overview — What Does Largo Inc. Do?

Largo Inc. engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. 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 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. Largo Inc. was incorporated in 1988 and is headquartered in Toronto, Canada. Largo Inc. (LGO) is classified as a micro-cap stock in the Materials sector, specifically within the Non-Metallic And Industrial Metal Mining industry. The company is led by CEO Paulo G. Misk and employs approximately 1,240 people. With a market capitalization of $105M, LGO is one of the notable companies in the Materials sector.

Largo Inc. (LGO) Stock Rating — Reduce (April 2026)

As of April 2026, Largo Inc. receives a Reduce rating with a composite score of 32.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.LGO ranks #3,750 out of 4,446 stocks in our coverage universe. Within the Materials sector, Largo Inc. ranks #266 of 284 stocks, placing it in the lower half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

LGO Stock Price and 52-Week Range

Largo Inc. (LGO) currently trades at $1.19. The stock lost $0.06 (4.7%) in the most recent trading session. The 52-week high for LGO is $2.70, which means the stock is currently trading -55.9% from its annual peak. The 52-week low is $0.85, putting the stock 40.1% above its annual trough. Recent trading volume was 850K shares, suggesting relatively thin trading activity.

Is LGO Overvalued or Undervalued? — Valuation Analysis

Largo Inc. (LGO) carries a value factor score of 29/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.74x, versus the sector average of 2.83x. The price-to-sales ratio is 0.25x, compared to 0.74x for the average Materials stock.

At current multiples, Largo Inc. trades at a premium to most Materials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Largo Inc. Profitability — ROE, Margins, and Quality Score

Largo Inc. (LGO) earns a quality factor score of 28/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -122.7%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -63.5% versus the sector average of 0.6%.

On a margin basis, Largo Inc. reports gross margins of -25.6%, compared to 29.8% for the sector. The operating margin is -47.8% (sector: 6.0%). Net profit margin stands at -40.9%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

LGO Debt, Balance Sheet, and Financial Health

Largo Inc. has a debt-to-equity ratio of 56.0%, compared to the Materials sector average of 41.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $92M. Cash and equivalents stand at $22M.

LGO has a beta of 1.64, meaning it is more volatile than the broader market — a $10,000 investment in LGO would be expected to move 64.1% more than the S&P 500 on any given day. The stability factor score for Largo Inc. is 22/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Largo Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Largo Inc. reported revenue of $124M and earnings per share (EPS) of $-0.78. Net income for the quarter was $-51M. Gross margin was -25.6%. Operating income came in at $-59M.

In FY 2024, Largo Inc. reported revenue of $124M and earnings per share (EPS) of $-0.78. Net income for the quarter was $-51M. Gross margin was -25.6%. Revenue grew -37.9% year-over-year compared to FY 2023. Operating income came in at $-59M.

In FY 2023, Largo Inc. reported revenue of $199M and earnings per share (EPS) of $-0.51. Net income for the quarter was $-32M. Gross margin was 7.4%. Revenue grew -12.3% year-over-year compared to FY 2022. Operating income came in at $-32M.

In FY 2022, Largo Inc. reported revenue of $227M and earnings per share (EPS) of $-0.03. Net income for the quarter was $-2M. Gross margin was 24.5%. Revenue grew 16.3% year-over-year compared to FY 2021. Operating income came in at $1M.

Over the past 6 quarters, Largo Inc. has demonstrated a growth trajectory, with revenue expanding from $120M to $124M. Investors analyzing LGO stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

LGO Dividend Yield and Income Analysis

Largo Inc. (LGO) does not currently pay a dividend. This is common among smaller companies in the Non-Metallic And Industrial Metal Mining industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

LGO Momentum and Technical Analysis Profile

Largo Inc. (LGO) has a momentum factor score of 31/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 56/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 45/100 reflects moderate short selling activity.

LGO vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, Largo Inc. (LGO) ranks #266 out of 284 stocks based on the Blank Capital composite score. This places LGO in the lower half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing LGO against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full LGO vs S&P 500 (SPY) comparison to assess how Largo Inc. stacks up against the broader market across all factor dimensions.

LGO Next Earnings Date

No upcoming earnings date has been announced for Largo Inc. (LGO) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy LGO? — Investment Thesis Summary

The quantitative profile for Largo Inc. suggests caution. The quality score of 28/100 flags below-average profitability. The value score of 29/100 indicates premium valuation. Momentum is weak at 31/100, a headwind for near-term performance. High volatility (stability score 22/100) increases portfolio risk.

In summary, Largo Inc. (LGO) earns a Reduce rating with a composite score of 32.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on LGO stock.

Related Resources for LGO Investors

Explore more research and tools: LGO vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare LGO head-to-head with peers: LGO vs CF, LGO vs NTR, LGO vs UAN.