Largo Inc. (NYSE:LGO – Get Rating) – Stock analysts at HC Wainwright boosted their FY2022 earnings estimates for Largo in a research report issued to clients and investors on Friday, November 11th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $0.12 per share for the year, up from their previous estimate of $0.08. The consensus estimate for Largo’s current full-year earnings is $0.19 per share.
Separately, Royal Bank of Canada decreased their target price on shares of Largo from C$20.00 to C$16.00 in a report on Wednesday, September 14th.
Largo Stock Up 1.6 %
Shares of Largo stock opened at $4.98 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.98 and a current ratio of 3.09. The stock has a market capitalization of $318.74 million, a PE ratio of 22.64 and a beta of 2.30. Largo has a 52-week low of $4.82 and a 52-week high of $14.27. The company has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $7.01.
Institutional Trading of Largo
A number of large investors have recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Largo by 2.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,903,767 shares of the company’s stock worth $25,910,000 after acquiring an additional 112,818 shares during the period. Royal Bank of Canada grew its stake in shares of Largo by 911.0% in the first quarter. Royal Bank of Canada now owns 129,302 shares of the company’s stock worth $1,642,000 after acquiring an additional 116,512 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Largo in the second quarter worth approximately $834,000. Claybrook Capital LLC bought a new stake in Largo during the first quarter valued at approximately $1,261,000. Finally, Swiss National Bank grew its position in Largo by 8.7% during the second quarter. Swiss National Bank now owns 92,110 shares of the company’s stock valued at $628,000 after buying an additional 7,400 shares during the period. 63.94% of the stock is currently owned by institutional investors.
Largo Company Profile
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. 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.
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