Largo (NYSE:LGO) Price Target Raised to $3.90 at HC Wainwright

Largo (NYSE:LGO) had its price objective lifted by HC Wainwright from $3.70 to $3.90 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Largo Price Performance

Shares of NYSE LGO opened at $1.64 on Tuesday. The company has a market capitalization of $104.82 million, a PE ratio of -2.04 and a beta of 1.69. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $1.81 and its 200-day moving average price is $1.91. Largo has a twelve month low of $1.38 and a twelve month high of $2.84.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LGO. XTX Topco Ltd purchased a new position in shares of Largo in the 3rd quarter worth about $32,000. Virtu Financial LLC bought a new stake in Largo in the fourth quarter worth about $39,000. Millennium Management LLC bought a new stake in Largo in the fourth quarter worth about $74,000. Finally, Sprott Inc. boosted its stake in Largo by 156.8% in the fourth quarter. Sprott Inc. now owns 1,016,809 shares of the company’s stock valued at $1,749,000 after acquiring an additional 620,909 shares during 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.