Sprott Inc. Acquires 620,909 Shares of Largo Inc. (NYSE:LGO)

Sprott Inc. raised its stake in shares of Largo Inc. (NYSE:LGO) by 156.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,809 shares of the company’s stock after buying an additional 620,909 shares during the quarter. Sprott Inc. owned about 1.59% of Largo worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, XTX Topco Ltd purchased a new position in Largo during the third quarter valued at $32,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Largo Price Performance

Shares of Largo stock opened at $1.68 on Wednesday. The firm has a market cap of $107.71 million, a PE ratio of -2.10 and a beta of 1.70. The stock has a 50 day moving average of $1.80 and a 200 day moving average of $1.92. 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 Inc. has a 12 month low of $1.38 and a 12 month high of $2.84.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price target on shares of Largo from $4.20 to $3.70 and set a “buy” rating on the stock in a research note on Wednesday, February 12th.

Largo 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.