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

Largo (NYSE:LGO) had its price target decreased by HC Wainwright from $3.90 to $3.70 in a research note released on Friday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2026 earnings at ($0.12) EPS.

Largo Stock Down 8.6%

LGO opened at $1.27 on Friday. Largo has a fifty-two week low of $1.12 and a fifty-two week high of $2.84. The business has a 50-day moving average of $1.58 and a 200-day moving average of $1.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The company has a market capitalization of $81.42 million, a PE ratio of -1.59 and a beta of 1.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Largo during the 4th quarter valued at about $39,000. Millennium Management LLC acquired a new position in shares of Largo during the 4th quarter valued at about $74,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Largo during the 1st quarter valued at about $77,000. Russell Investments Group Ltd. increased its holdings in shares of Largo by 75.9% during the 1st quarter. Russell Investments Group Ltd. now owns 288,860 shares of the company’s stock valued at $466,000 after acquiring an additional 124,604 shares during the last quarter. Finally, Sprott Inc. increased its holdings in shares of Largo by 5.4% during the 1st quarter. Sprott Inc. now owns 1,072,056 shares of the company’s stock valued at $1,726,000 after acquiring an additional 55,247 shares during the last quarter. Institutional investors and hedge funds 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.