Largo (NYSE:LGO) Price Target Raised to $4.80

Largo (NYSE:LGOFree Report) had its price objective increased by HC Wainwright from $4.70 to $4.80 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.09 EPS.

Largo Stock Performance

Shares of LGO stock opened at $1.80 on Friday. The stock has a fifty day moving average price of $1.61 and a 200 day moving average price of $1.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.78 and a current ratio of 3.23. The stock has a market cap of $115.33 million, a PE ratio of -2.61 and a beta of 1.68. Largo has a 1 year low of $1.38 and a 1 year high of $4.76.

Largo (NYSE:LGOGet Free Report) last released 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 16.54% and a negative net margin of 24.05%. The firm had revenue of $44.17 million for the quarter. Sell-side analysts forecast that Largo will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Largo

Several hedge funds have recently bought and sold shares of LGO. Toronto Dominion Bank purchased a new stake in shares of Largo in the third quarter valued at $36,000. Sprott Inc. acquired a new position in Largo in the 3rd quarter valued at about $59,000. Finally, Russell Investments Group Ltd. raised 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 purchasing an additional 22,437 shares during the last quarter. Hedge funds and other institutional investors own 64.08% of the company’s stock.

About Largo

(Get Free Report)

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.

Further Reading

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