Sprott Inc. raised its position in Largo Inc. (NYSE:LGO - Free Report) by 156.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,016,809 shares of the company's stock after purchasing an additional 620,909 shares during the quarter. Sprott Inc. owned 1.59% of Largo worth $1,749,000 as of its most recent SEC filing.
Separately, XTX Topco Ltd bought a new position in Largo in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 64.08% of the company's stock.
Analyst Ratings Changes
Separately, HC Wainwright lowered their price objective on Largo from $4.20 to $3.70 and set a "buy" rating for the company in a research report on Wednesday, February 12th.
View Our Latest Analysis on Largo
Largo Trading Up 1.2 %
NYSE LGO traded up $0.02 during trading hours on Friday, hitting $1.70. 163,849 shares of the company's stock were exchanged, compared to its average volume of 154,729. The stock has a 50-day simple moving average of $1.80 and a 200 day simple moving average of $1.92. Largo Inc. has a 1-year low of $1.38 and a 1-year high of $2.84. The firm has a market cap of $108.99 million, a price-to-earnings ratio of -2.13 and a beta of 1.70. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.
About Largo
(
Free Report)
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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