Largo (NYSE:LGO) Receives Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Largo (NYSE:LGO – Free Report) in a research report sent to investors on Friday, Benzinga reports. HC Wainwright currently has a $12.00 price target on the stock.

Largo Stock Performance

Shares of Largo stock opened at $3.77 on Friday. The firm has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $4.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.75 and a quick ratio of 2.44. The firm has a market cap of $241.47 million, a P/E ratio of -9.67 and a beta of 1.97. Largo has a fifty-two week low of $3.53 and a fifty-two week high of $7.91.

A number of institutional investors have recently bought and sold shares of the business. Inscription Capital LLC boosted its stake in Largo by 16.7% during the 1st quarter. Inscription Capital LLC now owns 17,500 shares of the company’s stock worth $91,000 after acquiring an additional 2,500 shares during the last quarter. 626 Financial LLC boosted its position in shares of Largo by 84.1% during the first quarter. 626 Financial LLC now owns 19,700 shares of the company’s stock worth $102,000 after purchasing an additional 9,000 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Largo by 17.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 33,064 shares of the company’s stock valued at $226,000 after buying an additional 4,837 shares during the period. Jane Street Group LLC increased its position in shares of Largo by 13.9% in the 1st quarter. Jane Street Group LLC now owns 15,171 shares of the company’s stock valued at $192,000 after buying an additional 1,849 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Largo during the 1st quarter worth $187,000. Institutional investors and hedge funds own 55.10% 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.