Largo (NYSE:LGO) Price Target Raised to $4.70 at HC Wainwright

Largo (NYSE:LGO) had its price target boosted by stock analysts at HC Wainwright from $4.60 to $4.70 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 193.75% from the stock’s current price.

Largo Stock Up 2.6 %

NYSE LGO opened at $1.60 on Wednesday. The business has a fifty day moving average price of $1.66 and a two-hundred day moving average price of $2.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.23 and a quick ratio of 1.78. Largo has a fifty-two week low of $1.38 and a fifty-two week high of $5.40. The stock has a market capitalization of $102.48 million, a PE ratio of -3.14 and a beta of 1.74.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new position in shares of Largo during the third quarter worth $36,000. Sprott Inc. acquired a new position in shares of Largo during the third quarter worth $59,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Largo in the third quarter valued at $99,000. Finally, Russell Investments Group Ltd. increased its holdings in Largo by 32.8% in the fourth 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 period. 64.08% of the stock is currently owned by institutional investors and hedge funds.

Largo Company 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.