Largo (NYSE:LGO) Given New $4.70 Price Target at HC Wainwright

Largo (NYSE:LGO) had its price target increased by HC Wainwright from $4.60 to $4.70 in a research report report published on Wednesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.11 EPS.

Largo Stock Performance

Shares of LGO opened at $1.67 on Wednesday. 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 firm has a market cap of $106.96 million, a price-to-earnings ratio of -3.27 and a beta of 1.68. The business’s 50 day moving average is $1.64 and its two-hundred day moving average is $2.00.

Largo (NYSE:LGO) last released its earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $44.17 million during the quarter. Largo had a negative return on equity of 12.02% and a negative net margin of 16.29%. Analysts forecast that Largo will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank bought a new stake in shares of Largo during the third quarter valued at about $36,000. Sprott Inc. bought a new stake in shares of Largo during the 3rd quarter worth about $59,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Largo during the 3rd quarter worth about $99,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Largo by 32.8% in the 4th quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock worth $210,000 after acquiring an additional 22,437 shares during the period. Institutional investors own 64.08% of the company’s stock.

About Largo

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.