Largo (NYSE:LGO) Now Covered by Analysts at Maxim Group

Maxim Group initiated coverage on shares of Largo (NYSE:LGO) in a research report sent to investors on Friday, MarketBeat reports. The firm issued a buy rating and a $1.50 price target on the stock.

Other research analysts also recently issued reports about the stock. HC Wainwright decreased their price target on shares of Largo from $2.80 to $2.40 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. National Bank Financial set a $2.40 target price on shares of Largo in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $2.10.

Largo Stock Performance

LGO stock opened at $0.62 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. Largo has a 1 year low of $0.59 and a 1 year high of $2.70. The company has a market cap of $63.96 million, a P/E ratio of -0.78 and a beta of 1.47. The stock’s fifty day moving average price is $0.78 and its 200-day moving average price is $1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft purchased a new stake in shares of Largo during the first quarter valued at about $28,000. XTX Topco Ltd purchased a new stake in Largo in the second quarter valued at about $46,000. Banco BTG Pactual S.A. acquired a new stake in Largo in the second quarter worth about $61,000. Banque Cantonale Vaudoise purchased a new stake in shares of Largo during the third quarter worth about $61,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Largo during the fourth quarter worth about $62,000. 64.08% of the stock is currently owned by hedge funds and other institutional investors.

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.