Largo Inc. (NYSE:LGO – Get Rating) – Equities research analysts at HC Wainwright issued their FY2023 EPS estimates for Largo in a research note issued on Monday, March 13th. HC Wainwright analyst H. Ihle anticipates that the company will earn $0.11 per share for the year. HC Wainwright has a “Buy” rating and a $17.00 price objective on the stock. The consensus estimate for Largo’s current full-year earnings is $0.45 per share.
A number of other analysts have also recently weighed in on LGO. Noble Financial began coverage on shares of Largo in a research note on Tuesday, February 7th. They set an “outperform” rating and a $11.00 price target for the company. TheStreet raised shares of Largo from a “d+” rating to a “c-” rating in a report on Tuesday, February 28th.
Largo Stock Down 3.9 %
Shares of NYSE LGO opened at $4.88 on Wednesday. The company has a market capitalization of $312.34 million, a price-to-earnings ratio of -162.67 and a beta of 2.02. Largo has a 1 year low of $4.75 and a 1 year high of $13.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.96 and a quick ratio of 2.31. The business has a 50-day moving average of $6.22 and a two-hundred day moving average of $5.86.
Institutional Investors Weigh In On Largo
Several large investors have recently added to or reduced their stakes in LGO. UBS Group AG boosted its position in shares of Largo by 4,549.3% during the third quarter. UBS Group AG now owns 6,602 shares of the company’s stock worth $35,000 after buying an additional 6,460 shares during the period. Sentry Investment Management LLC acquired a new position in Largo in the 3rd quarter worth approximately $36,000. Inscription Capital LLC acquired a new stake in shares of Largo during the second quarter worth approximately $68,000. Bridgewater Associates LP purchased a new position in Largo in the first quarter valued at about $131,000. Finally, Jane Street Group LLC increased its position in Largo by 78.4% during the second quarter. Jane Street Group LLC now owns 27,066 shares of the company’s stock worth $185,000 after buying an additional 11,895 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.
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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