Largo (NYSE:LGO) Price Target Cut to $4.20 by Analysts at HC Wainwright

Largo (NYSE:LGO) had its price objective reduced by HC Wainwright from $4.40 to $4.20 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.11 EPS.

Largo Stock Down 4.4 %

LGO stock traded down $0.09 during mid-day trading on Thursday, hitting $1.94. 121,864 shares of the company were exchanged, compared to its average volume of 103,998. The firm has a fifty day simple moving average of $2.01 and a 200 day simple moving average of $1.92. The company has a market capitalization of $124.38 million, a PE ratio of -2.46 and a beta of 1.75. Largo has a twelve month low of $1.38 and a twelve month high of $2.84. The company has a current ratio of 1.67, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Institutional Trading of Largo

An institutional investor recently bought a new position in Largo stock. Herr Investment Group LLC purchased a new stake in shares of Largo Inc. (NYSE:LGO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200,025 shares of the company’s stock, valued at approximately $370,000. Herr Investment Group LLC owned approximately 0.31% of Largo at the end of the most recent quarter. Institutional investors own 64.08% of the company’s stock.

About Largo

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.