Largo (NYSE:LGO) Earns “Buy” Rating from HC Wainwright

Largo (NYSE:LGO)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $4.20 target price on the stock. HC Wainwright’s target price would suggest a potential upside of 147.06% from the company’s current price.

Largo Price Performance

Shares of NYSE:LGO opened at $1.70 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67. Largo has a one year low of $1.38 and a one year high of $2.84. The company has a 50-day simple moving average of $2.09 and a 200-day simple moving average of $1.96. The stock has a market capitalization of $108.99 million, a price-to-earnings ratio of -2.13 and a beta of 1.66.

Largo (NYSE:LGO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The company had revenue of $29.91 million for the quarter. Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. During the same period last year, the firm earned ($0.19) earnings per share. On average, analysts predict that Largo will post -0.57 EPS for the current year.

Hedge Funds Weigh In On Largo

A number of large investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Largo in the third quarter valued at about $32,000. Herr Investment Group LLC purchased a new position in Largo during the second quarter worth about $370,000. Finally, Renaissance Technologies LLC lifted its position in Largo by 19.9% in the second quarter. Renaissance Technologies LLC now owns 43,900 shares of the company’s stock valued at $81,000 after purchasing an additional 7,300 shares during the period. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Largo Company Profile

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.