HC Wainwright Lowers Largo (NYSE:LGO) Price Target to $3.70

Largo (NYSE:LGO) had its price target lowered by research analysts at HC Wainwright from $3.90 to $3.70 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 191.34% from the stock’s previous close. HC Wainwright also issued estimates for Largo’s FY2026 earnings at ($0.12) EPS.

Largo Price Performance

LGO stock opened at $1.27 on Friday. The company has a 50-day moving average price of $1.58 and a 200 day moving average price of $1.79. The stock has a market cap of $81.42 million, a PE ratio of -1.59 and a beta of 1.62. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Largo has a 12 month low of $1.12 and a 12 month high of $2.84.

Institutional Trading of Largo

Several large investors have recently made changes to their positions in LGO. Sprott Inc. boosted its holdings in Largo by 156.8% during the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock worth $1,749,000 after buying an additional 620,909 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Largo by 75.9% during the first 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. Baader Bank Aktiengesellschaft purchased a new stake in Largo during the first quarter worth $77,000. Millennium Management LLC purchased a new stake in Largo during the fourth quarter worth $74,000. Finally, Virtu Financial LLC purchased a new stake in Largo during the fourth quarter worth $39,000. 64.08% of the stock is owned by hedge funds and other institutional investors.

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.