Largo (NYSE:LGO) Research Coverage Started at Maxim Group

Maxim Group began coverage on shares of Largo (NYSE:LGO) in a research report sent to investors on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $1.50 target price on the stock.

Other research analysts have also recently issued research reports about the company. National Bank Financial set a $2.40 target price on Largo in a research note on Tuesday, July 7th. HC Wainwright dropped their price target on shares of Largo from $2.80 to $2.40 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $2.10.

Largo Stock Performance

Shares of NYSE LGO opened at $0.62 on Friday. Largo has a 1 year low of $0.59 and a 1 year high of $2.70. The firm has a market cap of $63.96 million, a P/E ratio of -0.78 and a beta of 1.47. The stock has a fifty day moving average price of $0.78 and a two-hundred day moving average price of $1.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of Largo during the 2nd quarter worth $46,000. Banco BTG Pactual S.A. acquired a new stake in shares of Largo during the second quarter worth $61,000. Russell Investments Group Ltd. raised its position in shares of Largo by 65.0% during the third quarter. Russell Investments Group Ltd. now owns 207,974 shares of the company’s stock worth $311,000 after purchasing an additional 81,967 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Largo during the third quarter valued at $61,000. Finally, Virtu Financial LLC purchased a new stake in shares of Largo during the third quarter valued at $116,000. Institutional investors own 64.08% of the company’s stock.

About Largo

Largo Inc (NYSE:LGO) is a diversified resources and digital asset company that provides investors with exposure to both critical battery metals and bitcoin through publicly traded vehicles. The combined platform integrates specialty metals operations with a physical bitcoin trust, reflecting the company’s strategy to offer participation in traditional commodities and emerging digital assets.

The metals division focuses on the production and sale of high-purity nickel and cobalt sulfate used in electric vehicle batteries and energy storage systems.