Largo (NYSE:LGO) Trading Up 0.9% - Time to Buy?

Key Points

• Largo shares rose about 0.9% to $1.14 on Friday with volume up ~34% versus average; the stock is trading below its 50‑day ($1.42) and 200‑day ($1.33) moving averages, has a market cap of ~$97.6M and a negative P/E (-1.43).
• HC Wainwright raised its price target to $3.10 and issued a Buy rating, and the consensus rating/average target for the stock is also Buy/$3.10.
• Largo operates a combined platform of high‑purity nickel and cobalt sulfate production for EV batteries and a physical bitcoin trust, and institutional investors own roughly 64% of the company.

Largo Inc. (NYSE:LGO - Get Free Report)'s share price rose 0.9% during trading on Friday . The stock traded as high as $1.19 and last traded at $1.14. Approximately 2,341,346 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 1,743,264 shares. The stock had previously closed at $1.13.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price target on Largo from $2.90 to $3.10 and gave the company a "buy" rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Largo presently has an average rating of "Buy" and an average price target of $3.10.

Largo Trading Up 0.9%

The stock's fifty day moving average price is $1.42 and its 200 day moving average price is $1.33. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The stock has a market cap of $97.58 million, a PE ratio of -1.43 and a beta of 1.45.

Institutional Trading of Largo

A number of institutional investors and hedge funds have recently modified their holdings of LGO. SG Americas Securities LLC bought a new position in shares of Largo during the third quarter valued at $29,000. XTX Topco Ltd bought a new stake in Largo in the 2nd quarter worth about $46,000. Banque Cantonale Vaudoise bought a new stake in Largo in the 3rd quarter worth about $61,000. Banco BTG Pactual S.A. purchased a new position in Largo in the 2nd quarter worth about $61,000. Finally, Quadrature Capital Ltd bought a new position in Largo during the 4th quarter valued at about $62,000. Institutional investors own 64.08% of the company's stock.

Largo Company Profile

Largo Inc NYSE: LGO is a diversified resources and digital asset company that provides investors with exposure to both critical battery metals and bitcoin through publicly traded vehicles. The combined platform integrates specialty metals operations with a physical bitcoin trust, reflecting the company's strategy to offer participation in traditional commodities and emerging digital assets.

The metals division focuses on the production and sale of high-purity nickel and cobalt sulfate used in electric vehicle batteries and energy storage systems.

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