HC Wainwright Issues Positive Forecast for Largo (NYSE:LGO) Stock Price

Largo (NYSE:LGO) had its price objective increased by HC Wainwright from $3.70 to $3.90 in a research report sent to investors on Tuesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Largo Trading Up 1.6 %

Shares of LGO opened at $1.64 on Tuesday. Largo has a twelve month low of $1.38 and a twelve month high of $2.84. The stock has a market cap of $104.82 million, a PE ratio of -2.04 and a beta of 1.69. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.91.

Institutional Trading of Largo

Several institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of Largo during the 3rd quarter valued at $32,000. Virtu Financial LLC purchased a new stake in shares of Largo in the fourth quarter worth $39,000. Millennium Management LLC bought a new stake in Largo during the fourth quarter valued at $74,000. Finally, Sprott Inc. grew its position 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. 64.08% of the stock is currently 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.