Largo Inc. (NYSE:LGO - Free Report) - Stock analysts at HC Wainwright cut their FY2025 earnings estimates for shares of Largo in a research note issued to investors on Tuesday, April 1st. HC Wainwright analyst H. Ihle now expects that the company will earn ($0.15) per share for the year, down from their prior forecast of $0.01. HC Wainwright currently has a "Buy" rating and a $3.90 target price on the stock. The consensus estimate for Largo's current full-year earnings is ($0.61) per share.
Largo Price Performance
LGO traded down $0.08 during midday trading on Thursday, hitting $1.23. The stock had a trading volume of 69,722 shares, compared to its average volume of 132,556. Largo has a 1 year low of $1.24 and a 1 year high of $2.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67. The business has a fifty day moving average of $1.79 and a 200 day moving average of $1.90. The company has a market cap of $78.54 million, a P/E ratio of -1.53 and a beta of 1.63.
Institutional Trading of Largo
Several institutional investors have recently added to or reduced their stakes in the business. Sprott Inc. boosted its position in Largo by 156.8% during the 4th quarter. Sprott Inc. now owns 1,016,809 shares of the company's stock valued at $1,749,000 after buying an additional 620,909 shares during the period. Millennium Management LLC bought a new position in shares of Largo during the fourth quarter valued at about $74,000. Virtu Financial LLC purchased a new stake in shares of Largo during the fourth quarter worth about $39,000. Finally, XTX Topco Ltd bought a new stake in shares of Largo in the third quarter worth about $32,000. 64.08% of the stock is currently owned by hedge funds and other institutional investors.
About Largo
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Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. 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.
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