Noble Financial began coverage on shares of Largo (NYSE:LGO – Get Rating) in a research report sent to investors on Tuesday morning, Briefing.com reports. The firm issued an outperform rating and a $11.00 price objective on the stock.
Other equities analysts have also issued research reports about the company. HC Wainwright cut their price target on Largo from $19.00 to $17.00 and set a buy rating on the stock in a research note on Wednesday, January 25th. TheStreet lowered Largo from a c rating to a d+ rating in a research note on Friday, November 25th.
LGO stock opened at $6.19 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $5.71 and its two-hundred day simple moving average is $6.03. Largo has a twelve month low of $4.75 and a twelve month high of $14.27. The firm has a market cap of $396.19 million, a price-to-earnings ratio of 28.14 and a beta of 2.06.
Largo (NYSE:LGO – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $54.26 million for the quarter, compared to analyst estimates of $88.45 million. Largo had a return on equity of 6.11% and a net margin of 6.16%. Analysts predict that Largo will post 0.19 earnings per share for the current year.
Institutional Investors Weigh In On Largo
A number of institutional investors have recently added to or reduced their stakes in LGO. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Largo by 10.5% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,790,949 shares of the company’s stock worth $32,647,000 after acquiring an additional 456,965 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Largo in the second quarter worth about $834,000. Royal Bank of Canada raised 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 purchasing an additional 116,512 shares during the last quarter. BTG Pactual Global Asset Management Ltd purchased a new position in shares of Largo in the second quarter worth about $274,000. Finally, ARS Investment Partners LLC purchased a new position in shares of Largo in the fourth quarter worth about $214,000. Institutional investors own 64.25% of the company’s stock.
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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