West Family Investments Inc. bought a new position in shares of Largo Inc. (NYSE:LGO – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 2,200,845 shares of the company’s stock, valued at approximately $466,000.
Several other large investors have also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft acquired a new stake in Largo in the first quarter valued at $28,000. XTX Topco Ltd purchased a new stake in Largo during the 2nd quarter worth about $46,000. Banque Cantonale Vaudoise acquired a new position in shares of Largo during the 3rd quarter worth about $61,000. Banco BTG Pactual S.A. acquired a new position in shares of Largo during the 2nd quarter worth about $61,000. Finally, Royal Bank of Canada increased its holdings in shares of Largo by 3,192.4% in the 1st quarter. Royal Bank of Canada now owns 60,614 shares of the company’s stock valued at $68,000 after acquiring an additional 58,773 shares during the last quarter. Hedge funds and other institutional investors own 64.08% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. National Bank Financial set a $2.40 target price on Largo in a research report on Tuesday, July 7th. Maxim Group began 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. Finally, HC Wainwright cut their price objective on shares of Largo from $2.80 to $2.40 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Largo has a consensus rating of “Buy” and a consensus target price of $2.10.
Largo Stock Performance
NYSE LGO opened at $0.64 on Friday. The company has a fifty day moving average of $0.69 and a two-hundred day moving average of $1.05. The company has a market capitalization of $66.19 million, a PE ratio of -0.80 and a beta of 1.46. Largo Inc. has a 1 year low of $0.55 and a 1 year high of $2.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81.
Largo Company Profile
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.
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