HC Wainwright restated their buy rating on shares of Largo (NYSE:LGO – Get Rating) in a research note published on Monday morning, Benzinga reports. The brokerage currently has a $17.00 price objective on the stock.
Several other research firms have also recently issued reports on LGO. Noble Financial initiated coverage on Largo in a research report on Tuesday, February 7th. They set an outperform rating and a $11.00 price objective for the company. TheStreet raised Largo from a d+ rating to a c- rating in a report on Tuesday, February 28th.
LGO opened at $5.06 on Monday. The stock has a 50-day simple moving average of $6.24 and a 200-day simple moving average of $5.88. The stock has a market cap of $323.84 million, a P/E ratio of -168.67 and a beta of 2.02. Largo has a 1 year low of $4.75 and a 1 year high of $13.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.31 and a current ratio of 3.96.
Institutional Trading of Largo
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its stake in Largo by 13.9% during the 1st quarter. Jane Street Group LLC now owns 15,171 shares of the company’s stock valued at $192,000 after acquiring an additional 1,849 shares during the last quarter. Bank of Montreal Can raised its stake in Largo by 12.7% during the 1st quarter. Bank of Montreal Can now owns 20,439 shares of the company’s stock valued at $257,000 after acquiring an additional 2,308 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Largo by 17.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 33,064 shares of the company’s stock valued at $226,000 after acquiring an additional 4,837 shares during the last quarter. Swiss National Bank raised its stake in Largo by 7.1% during the 1st quarter. Swiss National Bank now owns 84,710 shares of the company’s stock valued at $1,072,000 after acquiring an additional 5,600 shares during the last quarter. Finally, UBS Group AG raised its stake in Largo by 4,549.3% during the 3rd quarter. UBS Group AG now owns 6,602 shares of the company’s stock valued at $35,000 after acquiring an additional 6,460 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.
Largo Company Profile
Largo Inc engages in the exploration and production of vanadium at the Maracas Menchen Mine located in Brazil. The firm mines and sells vanadium pentoxide flake, high purity vanadium pentoxide flake, and high purity vanadium pentoxide powder. It also focuses on the advancement of renewable energy storage solutions through its vanadium redox flow battery technology.
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