Largo (NYSE:LGO) Price Target Lowered to $3.70 at HC Wainwright

Largo (NYSE:LGO) had its price target lowered by HC Wainwright from $4.20 to $3.70 in a research note released on Wednesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Largo Stock Down 6.1 %

NYSE LGO opened at $1.84 on Wednesday. Largo has a 12 month low of $1.38 and a 12 month high of $2.84. The company has a current ratio of 1.67, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $1.83 and its two-hundred day moving average price is $1.93.

Largo (NYSE:LGO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The business had revenue of $29.91 million during the quarter. Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. During the same quarter in the prior year, the company earned ($0.19) earnings per share. Equities analysts anticipate that Largo will post -0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Largo

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Largo during the 3rd quarter worth about $32,000. Virtu Financial LLC acquired a new position in Largo during the 4th quarter worth about $39,000. Finally, Sprott Inc. lifted its position in Largo by 156.8% during the 4th quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock worth $1,749,000 after buying an additional 620,909 shares in the last 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.