Largo (NYSE:LGO) Stock Gets Price Target Trim from HC Wainwright

Largo (NYSE:LGO) had its target price lowered by HC Wainwright to $0.90 in a report released on Wednesday, MarketBeat reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2026 earnings at ($0.36) EPS.

Several other research firms also recently weighed in on LGO. Maxim Group assumed coverage on shares of Largo in a research note on Friday, July 24th. They issued a “buy” rating and a $1.50 price target on the stock. National Bank Financial set a $2.40 price target on shares of Largo in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $1.60.

Largo Price Performance

LGO stock traded up $0.01 during midday trading on Wednesday, reaching $0.33. The stock had a trading volume of 215,239 shares, compared to its average volume of 1,316,504. Largo has a 52-week low of $0.31 and a 52-week high of $1.93. 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 simple moving average is $0.53 and its 200 day simple moving average is $0.92. The company has a market cap of $38.19 million, a price-to-earnings ratio of -0.41 and a beta of 1.46.

Hedge Funds Weigh In On Largo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in shares of Largo during the 2nd quarter valued at about $218,000. West Family Investments Inc. acquired a new stake in Largo during the second quarter worth about $466,000. Royal Bank of Canada increased its position in Largo by 3,192.4% during the first quarter. Royal Bank of Canada now owns 60,614 shares of the company’s stock worth $68,000 after purchasing an additional 58,773 shares during the last quarter. Renaissance Technologies LLC increased its position in Largo by 631.6% during the first quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock worth $1,448,000 after purchasing an additional 1,116,534 shares during the last quarter. Finally, Brooklands Fund Management Ltd raised its stake in Largo by 623.9% during the first quarter. Brooklands Fund Management Ltd now owns 760,119 shares of the company’s stock worth $851,000 after purchasing an additional 655,119 shares during the period. Institutional investors and hedge funds own 64.08% of the company’s stock.

About Largo

Largo Inc is a vertically integrated vanadium materials company focused on the production and development of vanadium-based products. The company’s principal asset is the Maracás Menchen vanadium mine and processing facility in Bahia, Brazil, which produces vanadium pentoxide and other vanadium products for industrial and energy-storage applications.

Largo markets high-purity vanadium products, including its VPURE and VPURE+ vanadium pentoxide products, as well as ferrovanadium and related materials.