Largo (NYSE:LGO – Get Rating) had its target price decreased by HC Wainwright from $19.00 to $17.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 187.16% from the company’s previous close.
Separately, TheStreet downgraded shares of Largo from a “c” rating to a “d+” rating in a research note on Friday, November 25th.
Largo Trading Down 5.0 %
NYSE:LGO opened at $5.92 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 1.75 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $378.88 million, a PE ratio of 23.07 and a beta of 1.98. The firm’s 50 day moving average is $5.57 and its 200 day moving average is $6.07. Largo has a 12 month low of $4.75 and a 12 month high of $14.27.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Largo by 10.5% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,790,949 shares of the company’s stock valued at $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 during the second quarter valued at $834,000. Royal Bank of Canada raised its holdings in shares of Largo by 911.0% in the 1st quarter. Royal Bank of Canada now owns 129,302 shares of the company’s stock valued at $1,642,000 after purchasing an additional 116,512 shares in the last quarter. BTG Pactual Global Asset Management Ltd purchased a new position in Largo during the second quarter valued at approximately $274,000. Finally, ARS Investment Partners LLC purchased a new position in Largo during the fourth quarter valued at approximately $214,000. 64.25% of the stock is currently owned by institutional investors.
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. 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.
- Get a free copy of the StockNews.com research report on Largo (LGO)
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