Argus Research initial coverage of Largo It’s refreshing to learn what a new independent player thinks about Largo.
Imho, Argus Research’s initial Equity Research Report coverage of Largo is a well balanced and conservative report that arrives at a fair value estimate of US$9 as compared to the average 12-mth PT of US$11.25 among 3 analysts reported by TipRanks.
Steve Silver of Argus forecasts Largo’s EPS to be US $0.04 in 2023 and $0.79 for 2024 while the current average (4 analysts) is C$0.01 (High Estimate = C$0.33; Low E = -0.27) and C$1.1 (High E = C$2.5; Low E = C$0.08) for 2023 and 2024 respectively (Yahoo Finance). Notice the wild differences between the current High and Low estimates.