Largo (NYSE:LGO - Free Report) had its price target boosted by HC Wainwright from $4.60 to $4.70 in a research note released on Wednesday, Benzinga reports. HC Wainwright currently has a buy rating on the stock.
Largo Price Performance
Shares of LGO stock traded down $0.01 during mid-day trading on Wednesday, hitting $1.59. 35,747 shares of the stock were exchanged, compared to its average volume of 68,559. Largo has a 52-week low of $1.38 and a 52-week high of $5.40. The company has a quick ratio of 1.78, a current ratio of 3.23 and a debt-to-equity ratio of 0.30. The company has a market cap of $101.84 million, a PE ratio of -3.12 and a beta of 1.74. The firm has a fifty day moving average of $1.66 and a 200 day moving average of $2.01.
Largo (NYSE:LGO - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter. Largo had a negative return on equity of 12.02% and a negative net margin of 16.29%. The business had revenue of $44.17 million for the quarter. Research analysts anticipate that Largo will post -0.06 earnings per share for the current year.
Institutional Investors Weigh In On Largo
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Largo in the third quarter valued at about $99,000. Russell Investments Group Ltd. lifted its stake in Largo by 32.8% in the 4th quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company's stock valued at $210,000 after buying an additional 22,437 shares in the last quarter. Sprott Inc. acquired a new stake in Largo in the 3rd quarter worth about $59,000. Finally, Toronto Dominion Bank purchased a new stake in Largo during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 64.08% of the company's stock.
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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