Largo (NYSE:LGO - Free Report) had its price target raised by HC Wainwright from $3.70 to $3.90 in a research note published on Tuesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Largo's FY2025 earnings at ($0.15) EPS.
Largo Stock Down 8.9 %
NYSE LGO traded down $0.14 during midday trading on Tuesday, hitting $1.44. 246,666 shares of the company traded hands, compared to its average volume of 123,005. The company has a market cap of $92.32 million, a PE ratio of -1.80 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. Largo has a 52 week low of $1.38 and a 52 week high of $2.84. The company's 50-day simple moving average is $1.80 and its 200-day simple moving average is $1.90.
Institutional Trading of Largo
Several hedge funds have recently modified their holdings of LGO. XTX Topco Ltd purchased a new stake in shares of Largo during the 3rd quarter valued at $32,000. Virtu Financial LLC acquired a new position in Largo during the 4th quarter valued at about $39,000. Millennium Management LLC purchased a new stake in Largo in the fourth quarter valued at about $74,000. Finally, Sprott Inc. raised its stake in Largo by 156.8% in the fourth 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 last quarter. 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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