Largo (NYSE:LGO - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They currently have a $3.70 price objective on the stock. HC Wainwright's price objective points to a potential upside of 203.28% from the company's previous close.
Largo Stock Down 2.4%
LGO opened at $1.22 on Monday. Largo has a 1-year low of $1.12 and a 1-year high of $2.84. The firm's 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.61. The company has a market capitalization of $78.24 million, a PE ratio of -1.53 and a beta of 1.52. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC bought a new stake in Largo in the fourth quarter worth $74,000. Virtu Financial LLC purchased a new position in shares of Largo in the 4th quarter worth $39,000. Russell Investments Group Ltd. grew its stake in shares of Largo by 75.9% in the 1st quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company's stock worth $466,000 after buying an additional 124,604 shares in the last quarter. Sprott Inc. increased its holdings in shares of Largo by 5.4% in the 1st quarter. Sprott Inc. now owns 1,072,056 shares of the company's stock worth $1,726,000 after buying an additional 55,247 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Largo during the 1st quarter valued at about $77,000. 64.08% of the stock is currently owned by institutional investors.
Largo Company Profile
(
Get 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.
Further Reading
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