Largo (NYSE:LGO - Free Report) had its price objective raised by HC Wainwright from $3.70 to $3.90 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Largo's FY2025 earnings at ($0.15) EPS.
Largo Price Performance
Shares of LGO traded down $0.14 during trading hours on Tuesday, hitting $1.44. 246,662 shares of the stock were exchanged, compared to its average volume of 122,823. The stock's 50-day moving average price is $1.81 and its two-hundred day moving average price is $1.90. Largo has a 12-month low of $1.37 and a 12-month 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 company has a market cap of $92.32 million, a price-to-earnings ratio of -1.80 and a beta of 1.69.
Hedge Funds Weigh In On Largo
Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in Largo during the 4th quarter valued at about $39,000. Sprott Inc. boosted its holdings in shares of Largo by 156.8% during the 4th quarter. Sprott Inc. now owns 1,016,809 shares of the company's stock worth $1,749,000 after purchasing an additional 620,909 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Largo in the third quarter valued at approximately $32,000. Finally, Millennium Management LLC acquired a new stake in shares of Largo in the fourth quarter valued at approximately $74,000. 64.08% of the stock is owned by hedge funds and other institutional investors.
Largo Company Profile
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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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