Largo (NYSE:LGO – Free Report) had its price target lifted by HC Wainwright from $4.60 to $4.70 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.
Largo Stock Performance
Shares of NYSE:LGO traded up $0.02 during midday trading on Wednesday, hitting $1.62. The company had a trading volume of 30,170 shares, compared to its average volume of 68,481. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.23 and a quick ratio of 1.78. The company has a fifty day moving average of $1.66 and a two-hundred day moving average of $2.01. The company has a market cap of $103.74 million, a price-to-earnings ratio of -3.14 and a beta of 1.74. Largo has a 12-month low of $1.38 and a 12-month high of $5.40.
Largo (NYSE:LGO – Get Free Report) last released its earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $44.17 million for the quarter. Largo had a negative return on equity of 12.02% and a negative net margin of 16.29%. On average, equities research analysts expect that Largo will post -0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Largo
A number of institutional investors and hedge funds have recently modified their holdings of LGO. Toronto Dominion Bank purchased a new stake in shares of Largo in the third quarter worth approximately $36,000. Sprott Inc. bought a new stake in shares of Largo during the third quarter worth $59,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Largo during the third quarter valued at $99,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Largo by 32.8% in the fourth quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock worth $210,000 after purchasing an additional 22,437 shares during the last quarter. Hedge funds and other institutional investors own 64.08% of the company’s stock.
Largo Company Profile
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.