Largo (NYSE:LGO) Price Target Lowered to $3.70 at HC Wainwright

Largo (NYSE:LGO) had its price objective reduced by HC Wainwright from $4.20 to $3.70 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Largo Price Performance

Shares of NYSE LGO opened at $1.84 on Wednesday. The stock has a 50 day moving average of $1.83 and a 200-day moving average of $1.93. Largo has a 12 month low of $1.38 and a 12 month high of $2.84. 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 (NYSE:LGO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. The company had revenue of $29.91 million for the quarter. During the same period last year, the business earned ($0.19) EPS. On average, equities analysts expect that Largo will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of Largo during the 3rd quarter valued at $32,000. Virtu Financial LLC purchased a new position in Largo in the fourth quarter worth $39,000. Finally, Sprott Inc. grew its holdings in shares of Largo by 156.8% during the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock valued at $1,749,000 after buying an additional 620,909 shares during the last quarter. Institutional investors own 64.08% of the company’s stock.

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.